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How much should your friend invest for each

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Question - A friend would like to return to school full time beginning in four years. Your friend will need $2,000 per quarter (3 months period) for each of the four years beginning in four years. How much should your friend invest for each of the next four years at 8% compounded quarterly?

a) $1,061

b) $1,456

c) $5,828

d) $5,880

e) None of the above

Reference no: EM132755708

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