Present value: Elizabeth Sweeney wants to accumulate $12,000 by the end of 12 years. If the annual
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Present value: Elizabeth Sweeney wants to accumulate $12,000 by the end of 12 years. If the annual interest rate is 7 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal?
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Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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