Question
How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your
How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
- $12,250 in 6 years at 10 percent.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- $16,000 in 14 years at 12 percent.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- $6,000 each year for 13 years at 9 percent.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- $42,000 each year for 25 years at 6 percent.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
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