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How much would you need to invest today

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Question - In three years you hope to renovate your kitchen in your home. It will cost approximately $15,275 to fully renovate your kitchen. You have found a bank that will allow you to open an account that gives you a 4% return on your investment. How much would you need to invest today to have enough money to renovate the kitchen? Give your answer with 2 decimals?

Reference no: EM133114501

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