A sum of sufficient magnitude is to be invested now so that, Ask an Expert

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A sum of sufficient magnitude is to be invested now so that starting in 10 years from now an amount of $2500 per year can be paid in each of 8 succeeding years. The unexpended money remains invested at 6% compounded annually. How much must be allocated now?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9438110

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