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Jose wants to know the amount he should invest immediately if he wants to have $3,000 at the end of 2 years at 4% interest
Jose wants to know the amount he should invest immediately if he wants to have $3,000 at the end of 2 years at 4% interest every year. Which type of TVM calculation should Jose use to find the amount?
- a.) The rate of return
- b.) Discounting
- c.) The future value of an annuity
- d.) The future value of a lump sum invested today
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