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How much would you have to invest today in order to have $ 9,000 four years from now if the annual interest rate is 16%,

How much would you have to invest today in order to have $ 9,000 four years from now if the annual interest rate is 16%, compounded quarterly?

Select one:

a. $ 9,000

b. $ 4,862

c. $ 4,805

d. $ 6,706

e. $10,529

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