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A sum of $120,000 now at an interest rate of 10% per year compounded semiannually is equivalent to how much money 6 years ago? Solve

A sum of $120,000 now at an interest rate of 10% per year compounded semiannually is equivalent to how much money 6 years ago? Solve using tabulated factors in two ways: using the effective annual rate and the effective semiannual rate

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