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Patricia wants to invest a sum of money today that will yield $16,000 at the end of 6 years. Assuming she can earn an interest

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Patricia wants to invest a sum of money today that will yield $16,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of $1. EVO 51. PVA $1 and EVA of $3 (Use appropriate factor(s) from the tables provided) Multiple Choice $11.280 $15,040 $9.600 $14.090 $13,290

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