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Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $5,900 after 4 years
Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $5,900 after 4 years if the rate of return on your investment is 5%? b. What is the present value of $5,900 that you will receive after 4 years if the discount rate is 5%? c. What is the most you would spend today for an investment that will pay $5,900 in 4 years if your opportunity cost is 5%? d. Compare, contrast, and discuss your findings in part a through c
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