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103. What amount of cash must be invested today in order to have $30,000 at the end of one year assuming the rate of return

103. What amount of cash must be invested today in order to have $30,000 at the end of one year assuming the rate of return is 9%? A. $22,727.28 B. $27,000.00 C. $27,522.94 D. $27,300.00

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