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Joseph Harris Is Considering an Investment That Pays 6

Question 121

Multiple Choice

Joseph Harris is considering an investment that pays 6.5 percent annually. How much does he need to invest today so that he will have $25,000 in seven years? (Round to the nearest dollar.)


A) $17,474
B) $18,850
C) $16,625
D) $16,088

Correct Answer:

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