Question: 1.After some long-range planning, Saint Leo University has decided to build a new recreation facility in five years.They have received estimates that the facility will

1.After some long-range planning, Saint Leo University has decided to build a new recreation facility in five years.They have received estimates that the facility will cost $14.5 million dollars at that time.They have an investment opportunity that will return 8%.How much do they need to invest today to have $14.5 million at that time?

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