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Check my work 7 1.74 ains In three years, when he is discharged from the Air Force, Steve wants to buy a $18,000 power boat.
Check my work 7 1.74 ains In three years, when he is discharged from the Air Force, Steve wants to buy a $18,000 power boat. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factoris) using tables. Required: What lump surn amount must Steve invest now to have the $18,000 at the end of three years if he can invest money at: (Round your final answer to the nearest whole dollar amount.) Book Present Value 1. Six percent 2. Ten percent References
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