9) What price should I pay today for an investment that will provide a single...
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9) What price should I pay today for an investment that will provide a single payment of $120,000 in four years. I wish to earn a return of 8% on my investments. 10) For an investment today in the amount of $16,934,1 will receive $30,000 in six years. Determine the approximate rate of interest I will earn over that period, assuming that interest is compounded annually
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