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3. John Wilson wants to give her daughter $50,000 to start her own business in 5 years. How much should he invest today at an annual interest rate of 9% to have $50,000 in 5 years? PV PMT FV
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solution: 5 I/Y PV PMT FV 9% 32,496.57 Amount to be invested today 0 50000 / Sheet1 202 . Sheet1 203 Sheet1 204 . Sheet1 205 / Sheet1 206 Sheet1 207 , Sheet1 208 Sheet 1209/© RENG 20-09 US 30/01/2019

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