Roy gross is considering an investment that pays 700, Finance Basics

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Roy gross is considering an investment that pays 700

Problem: Roy Gross is considering an investment that pays 7.00 percent. How much will he have to invest today so that the investment will be worth $29,000 in six years? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.)

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Finance Basics: Roy gross is considering an investment that pays 700

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