Question 1 1 pts 4.5c Semiannual and other compounding periods (Periodicity).Larry would like to accumulate...
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Question 1 1 pts 4.5c Semiannual and other compounding periods (Periodicity).Larry would like to accumulate enough in an investment account to purchase an item in 11 years for $7.50. Annual interest rate paid on Larry's investment account is 2% compounded quarterly. What dollar amount must Larry deposit today to enable the purchase of the item in 11 years? $ 6.62 $-6.02 $-7.23 ro $-8.43 S-5.72 ma asec 500
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