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5. Stacey must pay a lump sum of $6000 in 5 years. What amount deposited today at 6.2% compounded annually will amount to $6000

5. Stacey must pay a lump sum of $6000 in 5 years. What amount deposited today at 6.2% compounded annually will amount to $6000 in 5 years? [4 AP, 1 CO]

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