Mme. Barefield wants to have Fr 150,000 at the end of 8 years. How much must she

Question:

Mme. Barefield wants to have Fr 150,000 at the end of 8 years. How much must she invest today to accomplish this purpose if the interest rate is

a. 6 percent per year?

b. 8 percent per year?

(Appendix)

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