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Use the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have
Use the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $1,000,000 after 40 years with an APR of 9% compounded quarterly. Round your answer to the nearest cent, if necessary
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
