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    Managerial Finance 476 (II)

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    4. How much would you have to invest today to receive:
    a. $12,000 in 6 years at 12 percent?
    b. $15,000 in 15 years at 8 percent?
    c. $5,000 each year for 10 years at 8 percent?
    d. $40,000 each year for 40 years at 5 percent?

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    Solution Preview

    a. $12,000 in 6 years at 12 percent?
    <br>Future Value=12000, Number of periods =6, ...

    $2.49

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