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An investment company pays 4% compounded semiannually. You want to have $16,000 in the future. (A) How much should you deposit now to have that

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An investment company pays 4% compounded semiannually. You want to have $16,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? $ (Round to the nearest cent.)

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