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    Exam 8: Compound Interest: Future Value and Present Value
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    If Money Is Worth 6% Compounded Annually, What Amount Today
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If Money Is Worth 6% Compounded Annually, What Amount Today

Question 14

Question 14

Short Answer

If money is worth 6% compounded annually, what amount today is equivalent to $10,000 paid
a. 12 years from now?
b. 24 years from now?
c. 36 years from now?

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a) $4969.6...

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