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James Smith is considering an investment that pays 5.00 percent, compounded annually. How much will he have to invest today so that the investment will

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James Smith is considering an investment that pays 5.00 percent, compounded annually. How much will he have to invest today so that the investment will be worth $26,000 in six years? (Do not round intermediate calculations and round your final answer to the nearest penny.) Amount to be invested today $

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