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Danis is considering an investment that pays 6.25 percent annually. How much must she invest today such that she will have $58,000 in seven years?
Danis is considering an investment that pays 6.25 percent annually. How much must she invest today such that she will have $58,000 in seven years? (Round to the nearest dollar.)
a.
$37,942
b.
$37,693
c.
$38,905
d.
$41,471
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