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Peter Pan is considering an investment that pays 5.5 percent annually. How much must he invest today such that he will have $25,000 in seven

Peter Pan is considering an investment that pays 5.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.) Select one: a. $23,474 b. $17,186 c. $38,850 d. $16,088

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