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How much have to invest now in order to accumulate

Question:

Mark wants to buy a new car in 3 years. The car is expected to cost 80,000 in 3 years. If Mark can find an investment yielding 12% over the 3 year period, how much would we have to invest now in order to accumulate $80,000 at the end of the 3 years?

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Finance Basics: How much have to invest now in order to accumulate

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Finance Basics: How much have to invest now in order to accumulate

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