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Jose invests $2,500 that he earns from a summer internship into an account that earns 6% that is compounded annually. How much money will be
Jose invests $2,500 that he earns from a summer internship into an account that earns 6% that is compounded annually. How much money will be in the account at the end of 3 years? Click here to access the TVM Factor Table calculator. $ You pledge to pay for 20 students' college tuition. The students will leave for college 7 years from now and you estimate that their tuition will cost you $1,800,000. You invest in Dunder Mifflin stock, which you expect to earn 6% annually. You would like to know how much you would need to invest today to be able to fund these students' tuition. What would you need to enter in Excel? O =PV(0.06,7,0,-1800000) O =PV(0.07.6,0.-1800000) O=FV(0.06, 7.0, -1800000) O=FV(0.06, 6, -1800000)
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