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Using the appropriate Time Value of Money table (A)What is the amount a person would have to deposit today (present value) at 2 percent interest rate to have $4250 saved 10 years from now. (B)What is the amount you would have to deposit today to be able to take out $4350 a year for 13 years from an account earning 6 percent.(C)If you desire to have $62500 for a down payment for a house in 6 years, what amount would you need to deposit today? Assume that your money will earn 5 percent.

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Financial Management, Finance

Category:- Financial Management
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