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Bob invested some money which after 5 years at 12% compounded semiannually, has grown to $216,900. How much money did Bob invest? (PV of $1.
Bob invested some money which after 5 years at 12% compounded semiannually, has grown to $216,900. How much money did Bob invest? (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.)
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