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How much would he need to invest today

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Question - If Liz would like to receive $3,000 monthly payments at the end of each month, for 20 years, and would like to have $50,000 left at that point, how much would he need to invest today assuming he could earn 6% compounded monthly?

Show the values you inputted for each variable on your calculator, or the function you entered in Excel, and express your final answer rounded to 0 decimal places and without a comma.

Reference no: EM133131301

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