Question: Ethan wants to have $ 7 6 9 , 7 8 0 in 1 4 years so that he can purchase a car for his

Ethan wants to have $769,780 in 14 years so that he can purchase a car for his daughter when she turns 21. He expects an annual rate of return of 0.051. How much does he need to invest today in order to meet his goal?
* Note: the percentage given is in decimal form. The FIRST step is to multiply the number by 100.

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