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April 18, 2015

Homework Help: math

Posted by anonomous on Wednesday, July 2, 2014 at 6:39pm.

Pinnacle Homes, a real estate development company, is planning to build five homes, each costing $125,000, in 2 years. The Galaxy Bank pays 6% interest compounded semiannually. How much should the company invest now to have sufficient funds to build the homes in the future?

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