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An investment that has a maturity value of $5,600 and is discounted 5 years and 6 months before maturity at 2.20% compounded semi-annually. a. Calculate

An investment that has a maturity value of $5,600 and is discounted 5 years and 6 months before maturity at 2.20% compounded semi-annually.

a. Calculate the discounted value of the investment.

Round to the nearest cent

b. Calculate the amount by which the money is discounted.

Round to the nearest cent

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