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florida1014 florida1014
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3 months ago

Alice Wolf wants to know how much she will have to invest today in order to receive an annuity of $6,000 for four years if interest is earned at 10% annually. She will make all her withdrawals at the end of each year. How much should Alice invest?

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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jarste123jarste123
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#1
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3 months ago
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florida1014 Author
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3 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Marctheshark
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Yesterday
Smart ... Thanks!
joyceess
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2 hours ago
Correct Slight Smile TY
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