Roy gross is considering an investment that pays 610, Ask an Expert

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Roy Gross is considering an investment that pays 6.10 percent, compounded annually. How much will he have to invest today so that the investment will be worth $28,000 in six years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Amount to be invested today?

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Financial Management, Finance

Category:- Financial Management
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