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3. Joseph Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in

3. Joseph Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.) a. $16,088 b. $16,625 c. $17,474 d. $18,850

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