When Rheal was born, her grandmother made a lump sum investment that would provide Rheal with $50,000
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When Rheal was born, her grandmother made a lump sum investment that would provide Rheal with $50,000 when she turned age 18. If the investment earned 5.5% compounded semiannually during the entire 18-year period, how much did Rheal's grandmother invest on the day of Rheal's birth?
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Ashish Bhalla
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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