Welma wants to buy an elephant but she does not currently have the 16,000 required...
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Accounting
Welma wants to buy an elephant but she does not currently have the 16,000 required to buy the type of elephant she wants.
If she hopes to buy the elephant at this same price in five years, how much does she need to invest in 4% annually compounding T-bills at this moment in time to have enough money in three years?
Please use answer to the nearest whole number.
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