Question: annual interest rate is 5%, compounded annually, what would you expect someone to pay for this investment today? [Keep at least 3 decimal places for

annual interest rate is 5%, compounded annually, what would you expect

annual interest rate is 5%, compounded annually, what would you expect someone to pay for this investment today? [Keep at least 3 decimal places for all intermediate steps. Express your final answer with 2 decimal places (ie. 55555.55 and NO COMMAS) Amount invested: \$

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