Art wants to know how much he'll have to invest today to receive an annuity of $8,000 for three years if interest is earned at 10% annually. He'll make all of his withdrawals at the end of each year. How much should Art invest?      A. $19,895.20 B. $20,400 C. $23,280 D. $21,600

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A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10

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A: PV is the current worth of cash flows that are expected to occur in the future.

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Q: deposits

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A: Note : As per the guidelines, only first question will be answered. Kindly post the second question…

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A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

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A:

Q: Tony Bautista needs $25,000 in 4 years. What amount must he invest today if his investment earns 12%…

A: The common formula used to calculate is Future value = Present value (1 +r )^n

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A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…