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You have a goal of having $266,000 five years from today. The return on the investment is expected to be 8% and vill be compounded
You have a goal of having $266,000 five years from today. The return on the investment is expected to be 8% and vill be compounded semi-annually. The amount that needs to be invested today is closest to: ( FV of $1, PV of $1, -VA of $1, and P VA of $1 ) Note: Use excel, a financial calculator, or the appropriate factor(s) from the tables provided. Multiple Choice $150,077. $179,699. $93,190. $189,379
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