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A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in order to have the desired sum in ten years, if the money can be invested at 12%? (Ignore income taxes.)

Refer to exhibit 12B-1 and Exhibit 12B-2

Sagot :

Answer:

$6441.22

Step-by-step explanation:

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