How much does he need to invest today to reach his goal

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Reference no: EM131976033

Mahmed wants to have $10,000 in his "mega-vacation" account at the end of 4 years. His taxable account will earn an average return of 6% compounded annually.

Mahmed is in the 15% tax bracket. How much does he need to invest today to reach his goal? (Beginning of period).

Reference no: EM131976033

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