Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you
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Question:
Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which totaled $51,480.79. How much did your father originally invest?
$13,035.72
$11,999.45
$6,500.00
$5,929.37
$15,500.00
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