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Ed Long promised to pay his son $300 semiannually for 10 years. Assume Ed can invest his money at 6% in an ordinary annuity. How
Ed Long promised to pay his son $300 semiannually for 10 years. Assume Ed can invest his money at 6% in an ordinary annuity. How much must Ed invest today to pay his son $300 semiannually for 10 years? (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. Present value $ 2,868.00
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Managerial Accounting An Introduction To Concepts Methods And Uses
Authors: Arnold I. Davidson
2nd Edition
0030597269, 978-0030597268
