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How much must you deposit in an account today

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Question - Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you want to pay yourself $230 at the end of each of the next 15 years? (b) How much must you deposit if you want to pay yourself $230 at the beginning of each of the next 15 years?

Reference no: EM132784681

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