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Leroy needs $ 1 2 0 , 0 0 0 in 1 8 years for his child's college education. He has just received a check
Leroy needs $ in years for his child's college education. He has just received a check for selling his company's stock and wants to know how much of it he should invest now in a conservative investment that pays annually in order to have the amount that he will need in years. The unknown quantity in this scenario is
Group of answer choices
A future value
A present value
A payment percentage
An interest rate or a discount rate
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