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Sebastopol Movie Theater will need $130,000 in 5 years to replace the seats. What deposit should be made today in an account that pays 0.6%

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Sebastopol Movie Theater will need $130,000 in 5 years to replace the seats. What deposit should be made today in an account that pays 0.6% compounded semiannually? (a) State the type. O ordinary annuity O amortization O present value O sinking fund O present value of an annuity (b) Answer the question. (Round your answer to the nearest cent.) $

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