What amount must he invest today

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Question - Tony Bautista needs $22,200 in 3 years.

What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly?

Reference no: EM131819307

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What amount must he invest today : Tony Bautista needs $22,200 in 3 years. What amount must he invest today if his investment earns 8% compounded annually
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