Question: Over the next three years, Freddie plans to save $2,000, $2,500, and $3,000, respectively, starting one year from today. You want to have as much

Over the next three years, Freddie plans to save $2,000, $2,500, and $3,000, respectively, starting one year from today. You want to have as much money as Freddie does three years from now but you plan to make one lump sum investment today.

What amount must you save today if you both earn 4.65 percent annually?

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