Using the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $100,000 after 18 years with an APR of 11% compounded quarterly. Round your answer to the nearest cent if necessary

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.36EP
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Using the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $100,000 after 18 years with an APR of 11% compounded quarterly. Round your answer to the nearest cent if necessary
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