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I. Single payment: You need 1 million dollars at the end of 30 years. How much should you invest TODAY (time 0)? Assume i =
I. Single payment: You need 1 million dollars at the end of 30 years. How much should you invest TODAY (time 0)? Assume i = 10% [find P given F, P/F)]? a. Sketch the time line diagram with cash flow arrows. b. Write the expression P = [1,000,000(P/F, i, n)]. Use i=10% c. Show calculation and
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