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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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