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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 $4,000 after 8 years

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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 $4,000 after 8 years if the rate of return on your investment is 13% ? b. What is the present value of $4,000 that you will receive after 8 years if the discount rate is 13% ? .. What is the most you would spend today for an investment that will pay $4,000 in 8 years if your opportunity cost is 13% d. Compare, contrast, and discuss your findings in part a through c

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