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Hi I need help with this question please! In four years, when he is discharged from the Air Force, Steve wants to buy a $26,000
Hi I need help with this question please!
In four years, when he is discharged from the Air Force, Steve wants to buy a $26,000 power boat. Click here to view Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $26,000 at the end of four years if he can invest money at: (Round your final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Present Value 2 Seven percent Eleven percent
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