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Assume that you want to invest a sum of money at 11% in order to have $1,500 (a) at the end of one year

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Assume that you want to invest a sum of money at 11% in order to have $1,500 (a) at the end of one year (b) at the end of two years. Calculate the present value using PV tables. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answers to 2 decimal places, e.g. 5,275.25.) Click here to view Table A.2-PRESENT VALUE OF 1-(PRESENT VALUE OF A SINGLE SUM) Click here to view Table A.4-PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 (a) Present value $ (b) Present value $

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