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How much should Brooke invest today in order to withdraw $25742.66 in exactly 4- 9 years from now if interest rate is 2.93% compounded annually? DO NOT ROUND INTERMEDIATE RESULTS. Report N accurate to at least 6 decimal places. Report PV and FV as positive values to the nearest cent. P/Y=C/Y = 1 N= I/Y= 2.93 PV = $ PMT= $0 FV=$ Submit Question

How much should Brooke invest today in order to withdraw $25742.66 in exactly 4- 9 years from now if interest rate is 2.93% compounded annually? DO NOT ROUND INTERMEDIATE RESULTS. Report N accurate to at least 6 decimal places. Report PV and FV as positive values to the nearest cent. P/Y=C/Y = 1 N= I/Y= 2.93 PV = $ PMT= $0 FV=$ Submit Question

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question 4 1 How much should Brooke invest today in order to withdraw $25742.66 in exactly 4- 4층 9 years from now if interest rate is 2.93 % compounded annually? DO NOT ROUND INTERMEDIATE RESULTS. Report N accurate to at least 6 decimal places. Report PV and FV as positive values to the nearest cent. P/Y=C/Y = 1 esc N= I/Y= 2.93 PV = $ PMT=$ 0 FV = $ Submit Question 1 :0 Q A 2 39 F2 W S #3 80 F3 D 54 $ a F4 R LL F % 5 9 T 6 G Y & 7 F7 H * 8 FE
Transcribed Image Text:Question 4 1 How much should Brooke invest today in order to withdraw $25742.66 in exactly 4- 4층 9 years from now if interest rate is 2.93 % compounded annually? DO NOT ROUND INTERMEDIATE RESULTS. Report N accurate to at least 6 decimal places. Report PV and FV as positive values to the nearest cent. P/Y=C/Y = 1 esc N= I/Y= 2.93 PV = $ PMT=$ 0 FV = $ Submit Question 1 :0 Q A 2 39 F2 W S #3 80 F3 D 54 $ a F4 R LL F % 5 9 T 6 G Y & 7 F7 H * 8 FE
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