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Sue needs to invest $3,626 today in order for her savings account to be worth $5,000 six years from now. Which one of the following
Sue needs to invest $3,626 today in order for her savings account to be worth $5,000 six years from now. Which one of the following terms refers to the $3,626? Select one: a. Present value b. Compound value c. Future value d. Complex value e. Factor value
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
