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Test 5 1hr22mins X Progress saved Submit and End VO -. 100 points possible 16/20 answered . Question 14 5 pts 9 1 0 Details

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Test 5 1hr22mins X Progress saved Submit and End VO -. 100 points possible 16/20 answered . Question 14 5 pts 9 1 0 Details In 5 years, a father wants to accumulate $60, 000 to pay for his daughter's college expenses. If he can get 8% interest, compounded quarterly, how much must he invest now to achieve his goal? > Next

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