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The answer must be in the form of a formula... thank you in advance! Calibri 11 A A % Paste B IU Cells Editing A
The answer must be in the form of a formula... thank you in advance!
Calibri 11 A A % Paste B IU Cells Editing A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 A B D E F G H I J KA 1 2 3 You are committed to owning a $225,000 Ferrari. If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in nine years on the day you turn 30, how much must you invest today? 4 ces 5 6 $ 7 Future value Interest rate Years 225,000 12% 9 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. Your answer should be a positive value. 12 13 Present value 14 15 16Step by Step Solution
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