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Ivanhoe knows it needs $516,000 in 10 years to purchase additional greenhouses. Assuming it will make annual deposits of $10,600 into an account earning

Ivanhoe knows it needs $516,000 in 10 years to purchase additional greenhouses. Assuming it will make annual deposits of $10,600 into an account earning 3% annual interest at the end of the next 10 years, use the PV function in Excel or a financial calculator to determine how much it must deposit today

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