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jim promised to pay his son $200 semiannually for 6 years. jim can invest his money at 8% in an ordinary annuity. how much must Jim invest today to be able to pay his son $200 semiannuallt for 6 years?
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jim promised to pay his son $200 semiannually for 6 years. jim can invest his money at 8% in an ordinary annuity. how much must Jim invest today to be able to pay his son $200 semiannuallt for 6 years?

jim promised to pay his son $200 semiannually for 6 years. jim can invest his money-example-1
User Rwsimmo
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3 votes
I’m I’m in sixth grade I haven’t learned how to do this yet I’m srry if this was not a good answer
User Jaketrent
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6.6k points
3 votes
I’m I’m in sixth grade I haven’t learned how to do this yet I’m srry if this was not a good answer
User Trishul
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6.6k points
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