What amount would you need to invest today

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Mine Reclamation is scheduled to begin five years from today and will require a sustained period of investment amounting to 3.5 million dollars per year for three years at the end of years 5, 6, and 7. What amount would you need to invest today in order to set asside sufficient funds now to meet the future obligations? Assume your money could earn 5.0% per year in low risk securities in the 7 year period in question.

Reference no: EM13189939

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