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13) Angelo wants to make an investment today so that he can have $3,500 in a (Select 1)(7pts) year to buy some new kitchen appliances.

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13) Angelo wants to make an investment today so that he can have $3,500 in a (Select 1)(7pts) year to buy some new kitchen appliances. How much should he set aside now if he can invest the money at 1.6% annually, compounded annually? $2,187.50$3,017.24$3,434.88$3,444.88

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