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9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account
13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much woul
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Answer #1

9)

Deposit today FVX(1:(1+r)^n) Here, A Rate per annum B Number of years C Number of compoundings per per annum A:C Rate per per

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