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You talk to a solar company, and have decided to install panels on your home in 2-1/2 years. They are willing to hold the price

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You talk to a solar company, and have decided to install panels on your home in 2-1/2 years. They are willing to hold the price for you if you commit to purchase them today. The price you must pay in 2-1.2 years is $40,000. At an annual nominal rate of 12%, compounded quarterly, what do you need to have today to make the $40,000 purchase at that future time

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