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How much must you invest today in order to produce proceeds of $1,000,000 six months from today at a rate of 1.1%?
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How much must you invest today in order to produce proceeds of $1,000,000 six months from today at a rate of 1.1%?

User Jacob Stern
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1 Answer

4 votes

Answer:

1,066,000

Step-by-step explanation:

it is 6.6% of the money added to 1,000,000

User Sabreen
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