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) Compute the present value of the following investment, 13 years, 9% interest rate and $16,832. Draw the time line when you done. (10 marks)

) Compute the present value of the following investment, 13 years, 9% interest rate and $16,832. Draw the time line when you done. (10 marks)

B) Assume the total cost of a university education will be $185000 when your child enters university in 18 years. You presently have $73000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your childs university education? Draw the time line when you done.

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