Ed Long promised to pay his son $400 semiannually for 12 years. Assume Ed can invest

QuestionsCategory: MathEd Long promised to pay his son $400 semiannually for 12 years. Assume Ed can invest
Fred Burton asked 6 months ago
Ed Long promised to pay his son $400 semiannually for 12 years. Assume Ed can invest his money at 6% in an ordinary annunity. How much must Ed invest to pay his son $400 semiannually for 12 years? 24 periods, 3% (Table 13.2)

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