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Your father invested a lump sum 26 years ago in an account earning 5.0% annual interest compounded annually. Today he gave you the proceeds of

Your father invested a lump sum 26 years ago in an account earning 5.0% annual interest compounded annually. Today he gave you the proceeds of that investment, which totaled $50,000. How much did your father originally invest?

$15,920.12

$14,776.67

$14,062.04

$13,383.22

$12,738.38

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