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Determine the current amount of money that must be invested at 10% nominal interest, compounded monthly, to provide an annuity of $8,000 per year for

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Determine the current amount of money that must be invested at 10% nominal interest, compounded monthly, to provide an annuity of $8,000 per year for five years starting in the 11th year from now? Ans. Sxx,xxx

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