Samantha plans to invest some money so that she has $5,500 at the end of three years. How much should she invest today given the following choices:

QUESTION:

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Samantha plans to invest some money so that she has $5,500 at the end of three years. How much should she invest today given the following choices:

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a. 4.2 percent compounded daily.

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b. 4.9 percent compounded monthly.

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c. 5.2 percent compounded quarterly.

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d. 5.4 percent compounded annually.

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