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    Annual Spending: Calculate the Present Value of an Investment

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    The Sultan of Brunei is reportedly the world's richest person, with wealth estimated at $37 billion. How much could the Sultan spend yearly for 40 years if he were to devote the entire $37 billion to leading a life of luxury?

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    https://brainmass.com/business/accounting/annual-spending-calculate-present-cost-investment-3982

    Solution Summary

    This solution is comprised of a simple explanation of how to calculate the present value of an investment.

    $2.49

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