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Question 1189484: The International Monetary Fund is trying to raise $750 billion in 10 years for new funds to lend to developing countries. At 6% interest compounded quarterly, how much must it invest today to reach $750 billion in 10 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.)
Percent Value in billions?
Answer by ikleyn(52803)   (Show Source):
You can put this solution on YOUR website! .
The International Monetary Fund is trying to raise $750 billion in 10 years for new funds to lend to developing countries.
At 6% interest compounded quarterly, how much must it invest today to reach $750 billion in 10 years?
(Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.)
Percent Value in billions?
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Your post is strange.
From one side, it requests to use some Table.
From the other side, the Table is not provided.
I can easy solve the problem without using any Table, but then my solution will not follow your instruction.
My advise to you is to read what you post and to think about it, at least 30 seconds or 1 minute.
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