Donna wants to establish an investment fund for her only daughter, who currently is 8 years old.
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Donna wants to establish an investment fund for her only daughter, who currently is 8 years old. She wants to know how much she must invest today for the amount to accumulate to $50 000 in 10 years at 12% per annum compounding annually. Ignore income tax.
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Related Book For 
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
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