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(10 points ) You own an investment that pays an anmual interest rate of 7.2% with monthly compounding. You would like to have an accumulation

(10 points ) You own an investment that pays an anmual interest rate of 7.2% with monthly compounding. You would like to have an accumulation of $10,000 in 3 years? How much do you need to invest? Answer: You need to invest

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