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18 March, 14:09

Calculate how much money would have to be invested today to be worth 100,000 in 9 years with in interest compounding at 8% quarterly. show work.

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  1. 18 March, 14:19
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    Pv=100000 / (1+0.08/4) ^ (4*9)

    Pv=49,022.32
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