What should be the amount of john original investment, Finance Basics

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What should be the amount of john original investment

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John plans to make an investment today which promises to return to him $4,000 each year for five (5) years beginning one year from today. The investment account will earn 7% compounded annually. At the end of five years, the investment account balance will be zero.

Q: Rounding to the nearest whole dollar, what should be the amount of John's original investment?

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Finance Basics: What should be the amount of john original investment

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