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Zoom picture please The International Monetary Fund is trying to raise $1,650 billion in 6 years for new funds to lend to developing countries. At
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The International Monetary Fund is trying to raise $1,650 billion in 6 years for new funds to lend to developing countries. At 12% interest compounded quarterly, how much must it invest today to reach $1,650 billion in 6 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billionStep by Step Solution
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