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Carlos invests a sum of money today that will accumulate to $64,000 at the end of 6 years. With an interest rate of 8% compounded
Carlos invests a sum of money today that will accumulate to $64,000 at the end of 6 years. With an interest rate of 8% compounded semiannually, how much must he invest today? (PV at $1. EV of $1. PVA of $1, and EVA of S1) (Use appropriate factor(s) from the tables provided.)
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