Question
1. How many years does it take to accumulate $6,843 in the future, if the interest rate is 4% and $5,000 is invested today? (remember
1. How many years does it take to accumulate $6,843 in the future, if the interest rate is 4% and $5,000 is invested today?
(remember to use opposite signs on the payment and present values)
5. If you are due to receive $50,000 5 years from today and your discount rate is 4%, what is the value to you today?
Step by Step Solution
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Business Statistics
Authors: Robert A. Donnelly
2nd Edition
0321925122, 978-0321925121
