How much will he have to invest today so that the, Financial Management

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How much will he have to invest today so that the

Roy Gross is considering an investment that pays 7.70 percent, compounded annually. How much will he have to invest today so that the investment will be worth $30,000 in six years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Amount to be invested today

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