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What Amount Was Invested 35 Years Ago at 7% Compounded

Question 74

Multiple Choice

What amount was invested 35 years ago at 7% compounded semi-annually if the value of the investment has now grown to $1,000,000?

A) $634,757
B) $111,128
C) $103,549
D) $89,986
E) $57,637

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