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An investment will pay $15,200 at the end of each year for eight years and a one-time payment of $152,000 at the end of the
An investment will pay $15,200 at the end of each year for eight years and a one-time payment of $152,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using a 6% annual interest rate. (Round your answer to the nearest whole dollar.) Present value of investment You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 8% annual interest. The client wants to deposit an amount that will provide her with $1,009,500 when she retires. Currently, she has $303,800 in the account. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) How much additional money should she deposit now to provide her with $1,009,500 when she retires? (Round your answer to nearest whole dollar.) Additional deposit amount
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