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How much must be invested at annual interest

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Reference no: EM131623409

Question: 1. Jamie Juarez needs $12,000 in 10 years for her daughter's college education. How much must be invested today at 2% annual interest compounded semiannually to have the needed funds?

2. If you were offered $600 today or $680 in one year, which would you accept if money can be invested at 2% annual interest compounded semiannually?

Reference no: EM131623409

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