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1. Calculate the PV of a $4000 16 years quarterly annuity that earns 7.0%. Round to the nearest dollar. Use commas. 2.Calculate the PV of
1. Calculate the PV of a $4000 16 years quarterly annuity that earns 7.0%. Round to the nearest dollar. Use commas.
2.Calculate the PV of a $900 18 years annual annuity that earns 14.0%. Round to the nearest dollor. Use commas.
3. How much must you invest today if you wish to receive $8250 in 4 years? Your savings will compound quarterly and earn 4.00%. Round to the nearest dollar. Use commas.
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
