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Your Father Invested a Lump Sum 26 Years Ago at 4.25

Question 38

Multiple Choice

Your father invested a lump sum 26 years ago at 4.25 percent interest.Today,he gave you the proceeds of that investment which totaled $51,480.79.How much did your father originally invest?


A) $15,929.47
B) $16,500.00
C) $17,444.86
D) $17,500.00
E) $17,999.45

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