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Part 1Dr. John Whitten is still figuring out his equipment fund. According to his calculations he needs $250,000 to be accumulated six years from now.
Part 1Dr. John Whitten is still figuring out his equipment fund. According to his calculations he needs $250,000 to be accumulated six years from now. John is now trying to find the present value of the $250,000. He continues to assume an interest rate of 5%. Compute the present value of $250,000 accumulated fifteen years from now. Assume an interest rate of 5%. Use table
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