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Peter Pan is considering an investment that pays 3.5 percent annually. How much must he invest today such that he will have $25,000 in six

Peter Pan is considering an investment that pays 3.5 percent annually. How much must he invest today such that he will have $25,000 in six years? (Round to the nearest dollar.)

Select one:

a. $20,338

b. $38,850

c. $17,186

d. $18,131

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