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A company will have to pay a $50,000 liability in 4 years. How much must be deposited now into a bank account earning 8% compounded

A company will have to pay a $50,000 liability in 4 years. How much must be deposited now into a bank account earning 8% compounded semiannually to fully fund the future payment?

a. $36,523
b. $35,500
c. $36,550
d. $34,000

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