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Using the present value formula find how much you should invest now at 5.9% interest Compounded annually in order to have 10,000, 75 years from now.

Using the present value formula find how much you should invest now at 5.9% interest Compounded annually in order to have 10,000, 75 years from now.
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3 votes
Using the present value formula find how

much you should invest now at 5.9% interest
Compounded annually in order to have 10,000,
75 years from now.

User Andrzej Rehmann
by
7.1k points

1 Answer

5 votes

Answer:

$10000/(1,059)^(75) =~$135.77

Explanation:

User NotNull
by
8.3k points
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