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Patricia wants to invest a sum of money today that will yield $11,000 at the end of 7 years. Assuming she can earn an interest

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Patricia wants to invest a sum of money today that will yield $11,000 at the end of 7 years. Assuming she can earn an interest rate of 7% compounded annually, how much must she invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) $7,050 $9,400.70 $6,000.40 $6,849.70 $8,306.40

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