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If you are able to earn an 6% rate of return, what amount would you need to invest to have $35500 one year from now? O $33460

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Answer #1
CALCULATION OF AMOUNT EARNT TO INVEST $ 35,500 ONE YEAR FROM NOW
Present value of $ 1 after 1 year = 1 / 1.06 =                                0.9434
Multiply By "X" By
Amount required in Future $                           35,500
Equals to "="  
Amount required in Future (Rounded to nearest $) $                           33,491
Answer = Option 2 = $ 33,491
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