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How much must be invested now to receive $29,000 for 8 years if the first $29,000 is received one year from now and the rate

How much must be invested now to receive $29,000 for 8 years if the first $29,000 is received one year from now and the rate is 10%? Round your present value factor to three decimal places and final answer to the nearest dollar.

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Years Cashinflows PVF10 NPV 1 29000 0909 26... blur-text-image

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