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Question
Jamie Juarez needs in 1 years for her daughter's college education. How much must be invested today at annual interest compounded semiannully to have the needed funds?
Solution
VerifiedAnswered 1 year ago
Answered 1 year ago
Step 1
1 of 2We first solve for unknown variables using the given.
Using Table for Present Value of we identify the present value of $1.00
- Present Value of
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