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.
a. $16,800 in 10 years at 15 percent. (Do
not round intermediate calculations. Round your final answer to 2
decimal places.)
b. $21,000 in 15 years at 12 percent.
(Do not round intermediate calculations. Round your final
answer to 2 decimal places.)
c. $8,800 each year for 20 years at 13 percent.
(Do not round intermediate calculations. Round your final
answer to 2 decimal places.)
a)
b)
c)
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