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Question 11 1 pts Assume that it takes an investment of $3,507 today to accumulate to $5,000 in 3 years when the interest rate is

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Question 11 1 pts Assume that it takes an investment of $3,507 today to accumulate to $5,000 in 3 years when the interest rate is 12% per year compounded quarterly. How much would need to be invested today to accumulate $5,000 in 3 years when the interest rate is compounded yearly? Less than $3,507 Impossible to determine More than $3,507 O $3,507

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