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Exercise 14A-3 (Algo) Basic Present Value Concepts [L014-7] n three years, when he is discharged from the Air Force, Steve wants to buy a $25,000

image text in transcribed Exercise 14A-3 (Algo) Basic Present Value Concepts [L014-7] n three years, when he is discharged from the Air Force, Steve wants to buy a $25,000 power boat. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have $25,000 at the end of three years if he can invest money at: Note: Round your final answer to the nearest whole dollar amount

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