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By calculating the maturity value of $100 invested for 1 year at each rate, determine which rate of return an investor would prefer. What amount,

By calculating the maturity value of $100 invested for 1 year at each rate, determine which rate of return an investor would prefer.

What amount, 11/2 years from now, is equivalent to $7000 due in 8 years if money can earn 6.2% compounded semiannually?

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