Question: Jack Daniels is saving for a new car. He needs to have $ 2 1 , 0 0 0 for the car in three years

Jack Daniels is saving for a new car. He needs to have $ 21,000 for the car in three years time. How much will he have to invest today in an account paying 8 percent annually to achieve his target? (Round to the nearest dollar and ensure to use the discount table) $16,670. $16,935. $19,444. $26,454.

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