What amount must be invested today

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Bella requires $80,000 in four years to purchase a new home. What amount must be invested today in an investment that earns 6% interest, compounded annually.

Reference no: EM13196058

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What amount must be invested today : Bella requires $80,000 in four years to purchase a new home. What amount must be invested today in an investment that earns 6% interest, compounded annually.
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