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betty's bakery is planning for future expansion. the company estimates that i will need 59,500...

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Accounting

betty's bakery is planning for future expansion. the company estimates that i will need 59,500 to purchase a new commercial oven 5 years from now. assuming a 2% annual interest rate compounded annually, use the pv function in excel or a financials calculator to determine how much betty's must invest today to have 59,500 5 years from now on.

present value=??

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