Avery Tag makes an investment today (January 1, 2017). Avery…
Avery Tag makes an investment today (January 1, 2017). Avery will receive $40,000 every December 31st for the next six years (2017 – 2022). If Avery wants to earn 12% on her investment, what is the most she should invest on January 1, 2017? Time periods Factor PV Annuity due 5 4.03735 PV Annuity due 6 4.60478 PV Ordinary annuity 5 3.60478 PV Ordinary annuity 6 4.11141
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