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David Davis is considering an investment that pays 54 percent. compounded annually. How much will he have to invest today so that the ifvestment will

David Davis is considering an investment that pays 54 percent. compounded annually. How much will he have to invest today so that the ifvestment will be worth $31,000 in six years? (Do not round intermedlate calculotions Round final anower to 2 decimat loces, eg. 2,515.25) Amount to be invested today

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