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quick How much money must you pay into an account at the end of each of 15 years in order to have $150,000 at the
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How much money must you pay into an account at the end of each of 15 years in order to have $150,000 at the end of the 15 th year? Assume that the account pays 6% per year other $359,729 $4,356 $6,444 Question 6 What is the present value of an annuity of $5,500 received at the beginning of each year for the next ten years? The first payment will be received today, and the discount rate is 9% $35,297 (B) $2,323 $91,081 Step by Step Solution
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