How much must ed invest today to pay

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Problem - Ed Long promised to pay his son $380 semiannually for 12 years. Assume Ed can invest his money at 6% in an ordinary annuity. How much must Ed invest today to pay his son $380 semiannually for 12 years?

Reference no: EM132997124

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How much must ed invest today to pay : Assume Ed can invest his money at 6% in an ordinary annuity. How much must Ed invest today to pay his son $380 semiannually for 12 years
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