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How much would you have to invest today to receive the following? Use Appendix B and for an approximate answer, but calculate your final answer
How much would you have to invest today to receive the following? Use Appendix B and for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $12,500 in 7 years at 11 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $16,100 in 15 years at 10 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $6,250 each year for 14 years at 8 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) d. $43,000 each year for 30 years at 6 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Appendix B Perent velue of $1,PVgPV=P[(1+i)21] Copyright 2019 o Meliraw.Hill Fducation. All rights reserved. No reproduction or distriburion without the prioe written eonsent of MeGiraw-Hill Education. Copyright 2019 o Mefiraw-Hill Educution. All rights reserved. No reproduction or distribution without the prior written consent of MeGirw-Hill Education
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