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In four years, when he is discharged from the Air Force Steve wants to buy a $19.000 power boat Click here to view Exhibit 128-1

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In four years, when he is discharged from the Air Force Steve wants to buy a $19.000 power boat Click here to view Exhibit 128-1 and 28:2. to determine the appropriate discount factor(s) using tables, Required: Whatlump sum amount must Steve invest now to have the $19,000 at the end of four years if he can invest money at: (Round your final answers to the nearest whole dollar amount.) Present Value 1. Seven percent 2 Eleven percent

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