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How much would you have to invest today to receive $6,000 each year for 10 years at 9 percent?
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3 votes
How much would you have to invest today to receive $6,000 each year for 10 years at 9 percent?

User Tozlu
by
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1 Answer

4 votes
PV= $6,000/(1+.09)10
PV= $15,000/(1.09)10
PV= $2,534.46
User Nitheesh K P
by
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