Mitch6354 Mitch6354

06-06-2023
Business

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Bob invested some money which after 5 years at 12% compounded semiannually, has grown to $216,900. How much money did Bob invest? (PV of $1. FV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.)

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x = 0 x = -1 x = -4 x = -2 x = 1 x = 2