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16 Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 6 years. He estimates the

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16 Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 6 years. He estimates the roof will cost him $10,400 at that time. 5.55 points What amount should Jim invest today at 6% compounded quarterly to be able to pay for the roof? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount to be invested eBook

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