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help Determine the present value P that must be invested to have the future value A at simpie interest rate r after time t. A

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Determine the present value P that must be invested to have the future value A at simpie interest rate r after time t. A = $5000, r = 1.55%, t = 6 months The present value P that must be invested is $D. (Round up to the nearest cent as needed.)

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