How much money should invest now

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Question: Fifteen years ago, Hailey invested $3,100 and locked in an 9 percent annual interest rate for 30 years (ending 15 years from now). Aidan can make a 15-year investment today and lock in a 11 percent interest rate. How much money should he invest now in order to have the same amount of money in 15 years as Hailey?

Reference no: EM131974293

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