Samantha plans to invest some money so that she has 2600 at


Samantha plans to invest some money so that she has $2,600 at the end of three years. How much should she invest today given the following choices: (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.)

a. 4.2 percent compounded daily.

Amount required to be invested $

b. 4.9 percent compounded monthly.

Amount required to be invested $

c. 5.2 percent compounded quarterly.

Amount required to be invested $

d. 5.4 percent compounded annually.

Amount required to be invested $

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Financial Management: Samantha plans to invest some money so that she has 2600 at
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