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What amount would need to invest to have one year

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Reference no: EM132495647

Question 1: If you are able to earn an 8% rate of return, what amount would you need to invest to have $30,000 one year from now? (Round to the nearest dollar.)

a. $27,747

b. $27,778

c. $27,273

d. $29,700

Reference no: EM132495647

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