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If Jim wants $25,000 in five years and can earn an 8.33% interest rate that is compounded quarterly, how much does he need to invest

If Jim wants $25,000 in five years and can earn an 8.33% interest rate that is compounded quarterly, how much does he need to invest today? O $16,554.42 O $16.980.26 O $20,409.80 O $37.754

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