a.
Present Value = 12,500/(1.11)^{7} = $6,020.73
b.
Present Value = 16,100/(1.10)^{15} = $3,854.21
c.
PV = [FV = 0, PMT = 6,250, N = 14, I = 0.08]
PV = $51,526.48
d.
PV = [FV = 0, PMT = 43,000, N = 30, I = 0.06]
PV = $591,887.74
How much would you have to invest today to receive the following ? Calculate answer using...
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