Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%,

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Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%, how much must he invest today?

a. $42,170

b. $72,480

c. $76,080

d. $88,320

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Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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Question Posted: Feb 02, 2024 05:01 AM

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Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%,

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Horngrens Financial And Managerial Accounting The Managerial Chapters

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