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42. Carlos invests a sum of money today that will accumulate to $50,000 at the end of 4 years. With an interest rate of 8%

42.

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Carlos invests a sum of money today that will accumulate to $50,000 at the end of 4 years. With an interest rate of 8% compounded semiannually, how nuch must he invest today? (PV of $1,FV of $1,PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided.) Multiple Choice $27,015 $42,740 $36,535 $36,750 $31,414

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