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30 September, 07:38

How much would you have to invest today to receive $6,000 each year for 10 years at 9 percent?

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  1. 30 September, 08:48
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    PV = $6,000 / (1+.09) 10

    PV = $15,000 / (1.09) 10

    PV = $2,534.46
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