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Diana would like to invest some money today to accumulate $ 6 0 , 0 0 0 at the end of 5 years to purchase

Diana would like to invest some money today to accumulate $60,000 at the end of 5 years to purchase a luxury vehicle. How much should she invest now if the investment earns a)(3 points)6% simple interest per year?b)(4 points)6% per year compounded annually?

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