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Sue wants to invest a certain sum of money at the end of each year for five years The investment will earn 6% compounded annually.
Sue wants to invest a certain sum of money at the end of each year for five years The investment will earn 6% compounded annually. At the end of five years, she need a total of $40,000 accumulated. Which time value factor should she use to compute her required annual investment i.e., Rent)? Present value of ordinary annuity of 1. Future value of ordinary annuity of 1. Present value of 1. Future value of 1
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