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    Investments Study Set 2
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    Exam 3: The Time Value of Money
  5. Question
    You Wish to Have $100,000 After Ten Years for a Major
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You Wish to Have $100,000 After Ten Years for a Major

Question 3

Question 3

Essay

You wish to have $100,000 after ten years for a major purchase such as a boat. How much must you invest at the end of each year if you earn 8 percent annually on your funds?

Correct Answer:

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