Question:

If someone wants to have $1 million in cash in 3 years, how much must they invest now at an 8% interest rate?

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Anyone good at math? none of the answers i get make any sense.

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  1. around $800,000.00


  2. $793,832 and some pennies

  3. about 4 mil

  4. $793,832.241 to be exact =)
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