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An investment company pays 7 % compounded semiannually. You want to have $ 1 7 , 0 0 0 in the future. How much should

An investment company pays

7 %

compounded semiannually. You want to have $

17, 000

in the future. How much should you deposit now to have that amount

5

years from now? What about

10

years from now?

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