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If a company needs $50,000, 5 years from now, how much would need to be deposited today using a required rate of return of 10%? Use one of the following factors to calculate your answer:

Factors: Future Value of $1 1.6105
Future Value of an annuity 6.1051
Present Value of $1 .6209
Present Value of an annuity 3.7908

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9971131

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