Your father invested a lump sum 26 years ago at 4.25 percent interest.Today,he gave you the proceeds of that investment which totaled $51,480.79.How much did your father originally invest?
A) $15,929.47
B) $16,500.00
C) $17,444.86
D) $17,500.00
E) $17,999.45
Correct Answer:
Verified
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