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13-03-2024
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Tony Ring wants to attend Northeast College. He will need $90,000 in 5 years from today. Assume Tony's bank pays 6% interest compounded semiannually. What must Tony deposit today so he will have $90,000?

a. $66,160.38
b. $77,830.18
c. $64,937.66
d. $80,420.16

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