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20_ACC132 13PUT-2020-26242 ! ACC13213P01-2020-26242 / April 6 - April 12 / Intermediate_1_exam 2 Bob Boyd received gifts of $180,000 from his grandfather. He plan to

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20_ACC132 13PUT-2020-26242 ! ACC13213P01-2020-26242 / April 6 - April 12 / Intermediate_1_exam 2 Bob Boyd received gifts of $180,000 from his grandfather. He plan to deposit part of it as his college funds in the future. He estimate that he wil withdraw for 4 annual payments of $40.000 each. The first withdraw will begin 9 years from today. Given an annual interest rate of 5%, what is the amount he must deposit today? present value cash flow present value for for discounting factoratetime period) 40.000/10549.40000/105 Next page

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