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Ex. 2 If you need $10,000 in 7 years and you can earn 6% on your investment, How much do you have to invest today,

Ex. 2 If you need $10,000 in 7 years and you can earn 6% on your investment,
How much do you have to invest today,
a) if your investment earns annually compounded interest?
b) if your investment earns monthly compounded interest?
c) if your investment earns daily compounded interest?
Future balance
Interest
Years
Compounding
Annually
Monthly
Daily
a) PV
b) PV
c) PV

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