FIN 571/ Question - 53291

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  • From: Finance,
  • Due on: Mon 31 Mar, 2014 (09:01pm)
  • Asked on: Mon 31 Mar, 2014
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Present value: Jack Robbins is saving for a new car. He needs to have $ 21,000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target? (Round to nearest dollar.)

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