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Jason's opportunity cost rate is 8 percent compounded annually.How much should he deposit in an account today if he wants to receive $5,400 at the

Jason's opportunity cost rate is 8 percent compounded annually. How much should he deposit in an account today if he wants to receive $5,400 at the end of each of the next 10 years? Nper = 10, Rate = 8, FV = 0, PMT = –5,400

$34,852

$40,252

$36,234


Ten years ago, Emma purchased an investment for $22,500. The investment earned 7 percent interest each year. What is the value of the investment today?

$46,458

$44,325

$40,527

$36,667

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