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For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present
For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 10 Interest Rate 6 % 11 Future Value $ 17,928 42,117 796,382 2 14 14 19 13 653,816 Suppose you are committed to owning a $245,000 Ferrari. If you believe your mutual fund can achieve an annual return of 11.1 percent, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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