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Paul wants to invest a sum of money today that will

Question - Paul wants to invest a sum of money today that will accumulate to $56,000 at the end of 6 years. Assuming he can earn an interest rate of 10% compounded semiannually, how much must he invest today?

a. 21,583

b. 31,181

c. 24,747

d. 40,819

e. 31,311

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Accounting Basics: Paul wants to invest a sum of money today that will

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