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Question 7 1 pts Joseph Harris is considering an investment that pays 8.8 percent annually. How much must he invest today such that he will

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Question 7 1 pts Joseph Harris is considering an investment that pays 8.8 percent annually. How much must he invest today such that he will have $35,000 in seven years? (Round to the nearest dollar.) $19,394 O $17,667 $20,191 $18,191 Question 8 1 pts Joseph Ray just received an inheritance of $48,900 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 5.25% per year with quarterly compounding for 35 years, how much will he have accumulated? (Round off to the nearest dollar.) $301,169 $339,819 $301,310 $303,482

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