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Matthew Young is considering an investment that pays 5 . 4 0 percent, compounded annually. How much will he have to invest today so that

Matthew Young is considering an investment that pays

5.40

percent, compounded annually. How much will he have to invest today so that the investment will be worth $

27, 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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