How much do you need to invest today to reach future value
Problem
You want to make an investment that will yield a lump sum of $ 47,035 in 3 years. You will invest at a nominal rate of 17 %. How much do you need to invest today to reach the above future value?
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You will invest at a nominal rate of 17 %. How much do you need to invest today to reach the above future value?
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