Question: Look at Table 4 in the Appendix. On Line 9 in the 8% column, you find the factor 6.24689. This factor in Table 4 means

 Look at Table 4 in the Appendix. On Line 9 in

Look at Table 4 in the Appendix. On Line 9 in the 8% column, you find the factor 6.24689. This factor in Table 4 means that if you invest about $6.25 for nine years, you will have $1 at the end of nine years. $1 at the end of nine years and $6.25 at the end of nine years. $1 at the end of each year for nine years. $6.25 at the end of each year for nine years and $1 at the end of nine years

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