How much money should he invest now in order to have the, Financial Management

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How much money should he invest now in order to have the

Ten years ago, Hailey invested $4, 800 and locked in an 9 percent annual interest rate for 20 years (ending 10 years from now). Aidan can make a 10-year investment today and lock in a 11 percent interest rate.

How much money should he invest now in order to have the same amount of money in 10 years as Hailey?

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