Business, 22.09.2020 20:01 gabbycasey102

Dan Weaver wants to set up a fund to pay for his daughter's education. In order to pay her expenses, he will need $20,000 in four years, $21,100 in five years, $22,900 in six years, and $24,300 in seven years. If he can put money into a fund that pays 6% interest, what lump-sum payment must Dan place in the fund today to meet his college funding goals? Round the answer to the nearest cent. Round PV-factor to three decimal places. $

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Dan Weaver wants to set up a fund to pay for his daughter's education. In order to pay her expenses,...