LuAnn Bean will receive $7,000 in 7 years. What is the present value at 7%...
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Accounting
LuAnn Bean will receive $7,000 in 7 years. What is the present value at 7% compounded
annually?
8. Michelle McFeaters can earn 6%. How much would have to be deposited in a savings account in order for Michelle to be able to make equal annual withdrawals of $200 at the end of each of 10 years? The balance at the end of the last year would be zero.
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