Using the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $100,000 after 18 years with an APR of 11% compounded quarterly. Round your answer to the nearest cent if necessary

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Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

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Q: ​$9000 at 4​% compounded annually for 7 years

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Q: Find the present value of $90,000 due in 7 years at the given rate of interest. (Use a 365-day year.…

A: Solution