How much do you need to invest today, Finance Basics

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How much do you need to invest today

Problem

Go to the link below and go to the present value portion of the Moneychimp web site and work the following example:

A. You need $40,000 in 15 years. If you can earn 9.8% interest, how much do you need to invest today?

B. You should get $9,841.

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Finance Basics: How much do you need to invest today

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Finance Basics: How much do you need to invest today

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