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How much money should he invest now

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Question - Ten years ago, Hailey invested $2,600 and locked in a 9 percent annual interest rate for 30 years (end 20 years from now). Aidan can make a 20-year investment today and lock in a 10 percent interest rate.

How much money should he invest now in order to have the same amount of money in 20 years as Hailey?

Reference no: EM131697369

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