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You have a goal of having $200,000 three years from today. The return on the...

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Accounting

You have a goal of having $200,000 three years from today. The return on the investment is expected to be 12% and will be compounded semi-annually. The amount that needs to be invested today is closest to:

a) 141,700

b) 133,333

c) 141,000

d) 100,000

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