How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
c. $6,800 each year for 20 years at 6 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
d. $45,000 each year for 40 years at 10 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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