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08-03-2024
Mathematics

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Suppose you decide to invest in an annuity that pays 5% interest, compounded semiannually. How much money do you need to invest semiannually to reach a savings goal of $300,000 at the end of 25 years?
Options:
a. $2,000
b. $4,000
c. $6,000
d. $8,000

Respuesta :

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