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Two partners agree to invest equal amounts in their business. One will contribute $6,000 immediately. The other will contribute an equal amount in 3 years.
Two partners agree to invest equal amounts in their business. One will contribute $6,000 immediately. The other will contribute an equal amount in 3 years. How much should the second partner contribute in 3 years to match her partners investment now if the annual interest rate is 6% compounded semiannually? The second partner should contribute $ Question Blank 1 of 1 . Round to two decimal places. Question at position 7
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