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7. A company needs to have $500,000 available in three years in order to pay off a loan. If the company invests the money

7. A company needs to have $500,000 available in three years in order to pay off a loan. If the company invests the money at 10%, compounded annually, how much must be invested today in order to have the necessary balance? $350,000. (a) (b) $151,057. (c) $400,000. (d) $375,657. (d) (2) (b)

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