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18. Calculating Present Values (LO2) Suppose you are still committed to owning a $190,000 BMW (see @ Question 9). If you believe your mutual fund

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18. Calculating Present Values (LO2) Suppose you are still committed to owning a $190,000 BMW (see @ Question 9). If you believe your mutual fund can achieve a 12% annual rate of return and you want to buy the car in nine years on the day you turn 30, how much must you invest today

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