8-13. Your younger brother is very concerned about investment performance, but he is willing to tolerate some
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8-13. Your younger brother is very concerned about investment performance, but he is willing to tolerate some risk. He decides to invest $100,000 in a mutual fund that will earn 10% per year. The proceeds will be accumulated as a lump sum and paid out at the end of year 10. Based on the data given in Problem 8-12, what is today’s purchasing power equivalent of your younger brother’s investment? (8.2)
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Related Book For
Engineering Economy
ISBN: 9780134870069
17th Edition
Authors: William Sullivan, Elin Wicks, C Koelling
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