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You have been told that the future value of an investment that matures in 3 years is $1,300. Calculate the following: (5) The principal of

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You have been told that the future value of an investment that matures in 3 years is $1,300. Calculate the following: (5) The principal of the investment if effective interest rate is 10% per annum, compounded quarterly. Select one: a. $910.00 b. $966.62 c. $976.71 d. $1,000.00

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