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Assume the funds will accumulate in a certificate of

John rider wants to accumulate 100,000 to be used for his daughters education. He would like to have the amount available on December 31, 2018.Assume the funds will accumulate in a certificate of deposit paying 8%interset compounded annually. If John were to deposit a single amount, how much would he have to invest on December 31,2013?

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Cost Accounting: Assume the funds will accumulate in a certificate of

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