Use the present value formula to determine the amount to be, Financial Management

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Use the present value formula to determine the amount to be

Use the present value formula to determine the amount to be invested ?now, or the present value needed.

The desired accumulated amount is ? $50,000 after 14 years invested in an account with 7?% interest compounded annually

The amount to be invested? now, or the present value? needed, is $________

Round to the nearest cent

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Financial Management: Use the present value formula to determine the amount to be

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Financial Management: Use the present value formula to determine the amount to be

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