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Chapter 7: End of Chapter Exercises Homework • Due in 5 days wered OL Homework – Unanswered If a firm wants to have $1 millio
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Answer #1
Future value 1000000
Divide by Future value factor of $1 1.259712 =(1.08)^3
Amount to be invested now 793832.24
Option A $793,832.24 is correct
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