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27. Mohammed must pay lump sum of $8000 in 5 years. What amount must be deposited today at 6.2% compounded annually will make the amount
27. Mohammed must pay lump sum of $8000 in 5 years. What amount must be deposited today at 6.2% compounded annually will make the amount of $8000.
a.
11,786.32
b.
112.897.22
c.
5,921.98
d.
6,921.98
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
