sammm9182 sammm9182

06-06-2023
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Bo inherited some money and wants to invest it today in a fund that will pay him $5,900 at the end of each of the next 10 years. If the fund can earn an interest rate of 5% compounded annually, how much must he invest today? (PV of $1. FV of $1. PVA of $1, and EVA of $1)

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