6. Calculating Present Value. Brenda Young desires to have $10,000 eight years from now for her daughters
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6. Calculating Present Value. Brenda Young desires to have $10,000 eight years from now for her daughter’s college fund. If she will earn 6 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation. (Obj. 4)
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