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Chang has decided to invest to help with his retirement savings. How much would he...

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Finance

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Chang has decided to invest to help with his retirement savings. How much would he have to invest to have $147,200 after 20 years, assuming an interest rate of 3.42 % compounded annually? Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas

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