Question: You need $ 5 0 , 0 0 0 in 6 years. If you invest today at an annual interest rate of 7 % compounded

You need $50,000 in 6 years. If you invest today at an annual interest rate of 7% compounded quarterly, how much must you invest?
$32,975
$33,232
$33,198
$34,117

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