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O 1/2 points I Previous Answers HarMathAp12 6 3 025 11. How much must be invested at the beginning of each year at 7 %

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O 1/2 points I Previous Answers HarMathAp12 6 3 025 11. How much must be invested at the beginning of each year at 7 % , compounded annually, to pay off a debt of $50,000 in 9 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary annulity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $ 4174 32 Need Help? Talk to a Tutor Read it

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