Your employer would like to set aside a sum of money today so that you are able
Question:
Your employer would like to set aside a sum of money today so that you are able to spend $5,000 at the end of each year for the next 5 years on room refurbishment. Your employer is able to earn 8% per year on the invested money.
Required:
Calculate the amount the employer needs to invest today.
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Related Book For 
Financial Management For The Hospitality Industry
ISBN: 9780131179097
1st Edition
Authors: William P Andrew, James W Damitio
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