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OpenStudy (anonymous):
How much money should be invested now (rounded to the nearest cent), called the initial investment, in a treasury bond investment that yields 5.75% per year, compounded monthly for 7 years, if you wish it to be worth $12,000 after 7 years? A. $8,113.69 B. $8,505.65 C. $13,458.78 D. $8,031.47
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