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1. Cousin Bertha invested $106,000 10 years ago at 8 percent, compounded quarterly. How much has she accumulated? 2. What is the present value of
1. Cousin Bertha invested $106,000 10 years ago at 8 percent, compounded quarterly. How much has she accumulated?
2. What is the present value of $180,000 to be received after 30 years with an 17 percent discount rate? Use Appendix B (Round "PV Factor" to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.)
Present value of $1, PVIF PV = FV [1/(1 + I)n] Present value of $1
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