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Hugo Company earns 4% on an investment that will return $700,000 six years from now. What is the amount Hugo should invest now to earn

Hugo Company earns 4% on an investment that will return $700,000 six years from now. What is the amount Hugo should invest now to earn this amount? Select one: a. $550,000 b. $553,220 c. $555,532 d. $554,466

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