How much must you invest today to accomplish your goal

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Question: You expect that you will need $50,000 ten years from today in order to pay for your daughter's college expenses. You want cover these expenses by making a deposit in an account today that provides a 6% annual return. How much must you invest today to accomplish your goal? Round your final answer to two decimals and do not use the dollar sign when entering your answer.

Reference no: EM133491833

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