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Question: problem 522 solution video elizabeth plans to invest some money...

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Problem 5.22 (Solution Video) Elizabeth plans to invest some money so that she has $2,900 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny. a. 4.2 percent compounded daily. Amount required to be invested b. 4.9 percent compounded monthly. Amount required to be invested .5.2 percent compounded quarterly. Amount required to be invested d. 5.4 percent compounded annually. Amount required to be invested

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