Question 3 15 points A man promised to himself that he would buy his own house...

  

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Question 3 15 points A man promised to himself that he would buy his own house after 12 years. A reliable business offered to him a 25 cpd. semi-annually return to his investment. How much should he invest now so he will have a 8,719,762 needed to buy his dream house after 12years? 41,178 Saved Question 4 20 points Save Answer Today, a man invested 34,304 for the college education of his 4-year old daughter. If the fund earns 16 cpd. annually, how much will the daughter get each year starting from her 16th to 20th birthday? Question 3 15 points A man promised to himself that he would buy his own house after 12 years. A reliable business offered to him a 25 cpd. semi-annually return to his investment. How much should he invest now so he will have a 8,719,762 needed to buy his dream house after 12years? 41,178 Saved Question 4 20 points Save Answer Today, a man invested 34,304 for the college education of his 4-year old daughter. If the fund earns 16 cpd. annually, how much will the daughter get each year starting from her 16th to 20th birthday?

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Q3 Amount to be invested now is the present value calculated as follows P F1rtnt Where F future sum ... View the full answer