Assume that you want to invest a sum of money at 9% in order to...
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Accounting
Assume that you want to invest a sum of money at 9% in order to have $1,600(a) at the end of one year (b) at the end of two years. Calculate the present value using PV tables. (Round present value foctor calculations to 5 decimal places, eg. 1.25124 and the final answers to 2 decimal places, es. 5,275.25.) Click here to view Table A.2 - PRESENT VALUE OF 1 - (PRESENT VALUE OF A SINGLE SUM) , Click here to view Table A.4 - PRESENT VALUE OF AN ORDINARY ANINUITY OF 1 (a) Present value $ (b) Present value \$
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