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Calculate how much would have to be invested in order to have $48712.10 after two years if the investment paid a rate of 9 percent compounded annualy for two years.

 Aug 9, 2022
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PV ==FV / [1 + R]^N

 

PV ==48712.10 / [1 + 0.09]^2

 

PV ==48712.10 / 1.09^2

 

PV ==48712.10 / 1.1881

 

PV ==$41,000.00 - what must be deposited today

 Aug 11, 2022

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