Present value and future valueyou are required to pay 5000, Ask an Expert

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Present Value and Future Value

You are required to pay $5,000 for college fees for each of the next four years, and a generous uncle has offered to give you enough money now to cover these future payments. How much must he give you now if you can invest at 10% per year compounded annually?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91623933

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