Matthew Young is considering an investment that pays 5 . 4 0 percent, compounded annually. How much

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Question:

Matthew Young is considering an investment that pays

5.40

percent, compounded annually. How much will he have to invest today so that the investment will be worth $

27, 000

in six years?

(

Do not round Intermediate calculations and round your final answer to the nearest penny.

)

Amount to be invested todAy

Posted Date: May 18, 2024 09:06 PM

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Matthew Young is considering an investment that pays 5 . 4 0 percent, compounded annually. How much

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