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Calculate the present value (principal) and the compound interest (in $). Use Table 112. Round your answers to the nearest cent. $34,000 6 years 4
Calculate the present value (principal) and the compound interest (in $). Use Table 112. Round your answers to the nearest cent. $34,000 6 years 4 semiannuall'yr $ I I $ I A real estate development company is planning to build five homes, each costing $155,000, in 2- years. The Galaxy Bank pays 6% interest compounded semiannually. How much (in $) should the company invest now to have sufficient funds to build the homes in the future? $
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