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Present Value Concept a. How much money would you have to invest today to accumulate $5,900 after 11 years if the rate of return on
Present Value Concept
a. How much money would you have to invest today to accumulate $5,900 after 11 years if the rate of return on your investment is 11%?
b. What is the present value of $5,900 that you will receive after 11 years if the discount rate is 11%?
c. What is the most you would spend today for an investment that will pay $5,900 in 11 years if your opportunity cost is 11%?
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c.
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