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OpenStudy (anonymous):
Suppose you wish to have $16,500 in 2 years. Use the present value formula to find how much you should invest now at 8% interest, compounded semiannually to order to have $16,500, 2 years from now. Then calculate the amount of interest. a. $2,395.80 b. $2,353.89 c. $ 14,104.27 d. $ 14,146.11
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