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Check my work Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new root in 10 years. He

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Check my work Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new root in 10 years. He estimates the a roof will cost him $9,600 at that time. What amount should Jim invest today at 8% compounded quarterly to be able to pay for the roof? (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount to be invested Prey 7 of 12 Next

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