Question: 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

Present Value and 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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5000 3170 from Table 94 where n 4 i 10 15850 N PERIODS 2 TEMAS CODINES STRO2 5282H SNS 3 4 5 6 0980 0971 0962 0952 0943 1942 1913 1886 1859 1833 2884 ... View full answer

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