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How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $16,000 in 5 years? (Round your
How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $16,000 in 5 years? (Round your answer to two decimal places.) $
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
