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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? Time Value of Money Tables link (will open in a new window)

Select one: a. $ 4,805 b. $ 9,000 c. $ 6,706 d. $10,529 e. $ 4,862

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