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The International Monetary Fund is trying to raise $700 billion in 9 years for new funds to lend to developing countries. Al 12% Interest compounded

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The International Monetary Fund is trying to raise $700 billion in 9 years for new funds to lend to developing countries. Al 12% Interest compounded quarterly, how much must it invest today to reach $700 billion in 9 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billion Period 0 Present value interest factor of $1 per period at i% for n periods, PVIF(In). 1.05 155 20 25 30 35 40 45 504 00 T7075 1 09 100 WW W OW 524 004 0034600199114081120 0.95100.942609335 0.9245 091570001000105 1900 OB 0.8734 00153 073 08485 08417 08340 0.1254 8206 09151 03019 O BROO O O O 851 0.83 278081638350 0 78290T722767 07513 985 07141 08 09 08227 0.7921 07773 700.7215 104 06 060 07473 0.7050 0.0000 6400 00 06129 0.53 05801 0964 OD 5050 05-470 052 0513 0.5607 15403 05207 0.5019 0479 0415 0.7664 0.7337 07026 06729 06446 0.861 0.7441 07049 0.0756 06439 06139 0432 0.4423 9.4224 0.4035 0.35 0340 0.7224 0.5049 0.549606162 05947 05549 0.525005002 0.4751 0.4513 0.4209 0.4076 0.375 0. 5 0.3505 0.836 07014 0.6018 06246 5897 05663 05280 04970 0.409704449 04199 0.397103T5T 03655 01305 93185 07254 0.0010 0.53040500605643 05303 04900 45000 4410 0.4150 030 0.3677 0346303262 030 0297 0.8700 0.8611 0.5178 0.5775 054000 5051 04720 04423 04141 0.3878 936330 340503191 2002 2007 2033 0.05 06419 059 0585305167 04610 0.6736 0.62320576705339 045 0.4501 3387 3144 2919 0 2711 92519 02241 02.17 07120721OOOOO514104220419042403140142103100102130249221 0.7649 0.493 04528 0.41553815 035030320029202120000 2000 2001 01 0.7536 02414004103053616 1 035 030 0295 0203102 08741 0.9141 0.0114 07315 07207 07566 0.7493 0.7419 0.13140 11420099400165 OTOT 00457 00573 00052 0.0735 0.0634 0.0540 20130 00624 0.03 04 02534 02437 0649 0.2343 0.5754 0.1962 6820 0.1092 0.6852 0.8232 0.2017 01031 2156 0.0972 0.0756 0.1924 0.0563 00545 00446 0.800 0.6584 0.6519 0.6454 0.5212 0.0415 01030 0.7990 0.7950 0 7910 07871 0.6265 0.6203 0.6141 06080 00487 00457 8 0054300479 0.0389 0.0383 0.0330 0.0289 00209 0.0147 00134 0.0117 0.0107 0.0094 0.0085 07832 0.0072 00169 0.021 Ta

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