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Lisa Corsetti Would Like to Have $50,000 in 10 Years

Question 63

Essay

Lisa Corsetti would like to have $50,000 in 10 years time to pay for her daughters' college education.The amount that Corsetti would have to invest today,assuming an interest rate of 6% compounded semiannually,in order to reach her goal is:

Correct Answer:

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FV = $50,000; r = 6%...

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