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= UDDO (1.07 6000 (1:225) -7350.258 2. You have won a contest and will receive $220,000 in 10 years. You can invest the money today
= UDDO (1.07 6000 (1:225) -7350.258 2. You have won a contest and will receive $220,000 in 10 years. You can invest the money today at 8% compounded annually. What is the present value of your winnings? Solution: $101,902.56 220.000 101903.74 2.1589 PV=220.000 PV = TV (Itly (1.08)
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The Everything Improve Your Credit Book
Authors: Justin Pritchard
1st Edition
1598691554, 978-1598691559
