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Assume an annual interest rate of 8%. If John wishes to receive $100 each year for two years. How much must John invest today... if
Assume an annual interest rate of 8%. If John wishes to receive $100 each year for two years. How much must John invest today... if the first $100 payment is received in one year? How much must John invest today...if the first payment is received immediately? If you assumed an interest rate of 6% instead of 8%, would John's initial investment be higher lower
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