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You want to make an investment that will yield a lump sum of $ 84,491...

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Accounting

You want to make an investment that will yield a lump sum of $ 84,491 in 3 years. You will invest at a nominal rate of 16 %. How much do you need to invest today to reach the above future value? Enter your answer to the nearest $.01. Do not use $ or , signs in your answer. Enter your answer as a positive number.

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