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What is the value of the funds must have in hand

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Problem 1: Paul wants to make a gift of $6,000 in today's dollars to his parents at the end of each of the next 19 years. If the annual rate of return is 14.5% and inflation is 2.6%, what is the value of the funds he must have in hand today to meet this need for the 19-year period?

Reference no: EM132964243

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