Suppose you are committed to owning a 204000 ferrari if you, Financial Management

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Suppose you are committed to owning a 204000 ferrari if you

Suppose you are committed to owning a $204,000 Ferrari. If you believe your mutual fund can achieve a 13 percent annual rate of return and you want to buy the car in 10 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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