Question: Problem 5-5 Present Values (LO2) You will require $620 in 5 years. If you earn 5% interest on your funds, how much will you need

Problem 5-5 Present Values (LO2)

You will require $620 in 5 years. If you earn 5% interest on your funds, how much will you need to invest today in order to reach your savings goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Present value

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