Question: Use Table 11-2 to solve the problem. A real estate development company is planning to build five homes, each costing $175,000, in 2 1/2 years.

Use Table 11-2 to solve the problem. A real estate development company is planning to build five homes, each costing $175,000, in 2 1/2 years. The Galaxy Bank pays 6% interest compounded semiannually. How much (in $) should the company invest now to have sufficient funds to build the homes in the future

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