You need $25,000 in seven years for college tuition. Similar investments earn a 7.50% annual...
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You need $25,000 in seven years for college tuition. Similar investments earn a 7.50% annual interest rate. How much must you invest today to achieve your savings goal? $15,068.87 $3,571.43 $9,082.84 None of the above Question 5 (10 points) You have $15,000 to invest today, and similar investments earn a 6% semiannual interest rate. How much will your investment be worth after nine years? $19,571.60 $25,536.50
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