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    Practical Business Math Procedures Study Set 2
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    Exam 13: Annuities and Sinking Funds
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    What Must Bill McGuire Invest Today to Receive an Annuity
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What Must Bill McGuire Invest Today to Receive an Annuity

Question 78

Question 78

Short Answer

What must Bill McGuire invest today to receive an annuity of $9,000 for four years semiannually at an 8% annual rate? All withdrawals will be made at the end of each period.

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