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Assume you can earn 9 % on the investments described below. How much money would each investment provide for you after six years? a. Invest
Assume you can earn 9 % on the investments described below. How much money would each investment provide for you after six years?
a. Invest $5,700 as a lump sum today.
b. Invest $2,666 at the end of each of the next 6 years.
c. Invest a lump sum of $3,452 today and $1,143 at the end of each of the next 6 years.
d. Invest $999 at the end of years 1, 3, and 5.
a. If you were to invest $5,700 as a lump sum today, the least you would accept at the end of a 6-year period, FV, is
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