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A company would like to have $400,000 in 6 years. How much should be invested...

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Accounting

A company would like to have $400,000 in 6 years. How much should be invested semiannually into an account paying 3.6% compounded semiannually?

a. $30,681.38 b. $29,754.02 c. $34,245.54 d. $30,160.79 e. $28,541.46

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