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What single amount do need to invest today

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Problem 1: You are investing for your sister's university fees. She expects to need $3,000 in 3 years, $4,000 in 4 years, $5,000 in 5 years, and $6,000 in 6 years. If you can earn 8% annually your investments, what single amount do you need to invest today to provide for the cash flows?

Reference no: EM132834111

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