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A building society investor wishes to have an amount of $8000 at the end of 6 years. The building society pays an interest rate of

A building society investor wishes to have an amount of $8000 at the end of 6 years. The building society pays an interest rate of 9% per annum compounded annually. How much must the customer invest with the building society now?

$13416

$4770

$14416

$5770

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