Question
1. How much cash would you need to invest today if you knew you had to pay $10,000 each year for the next 5 years.
1. How much cash would you need to invest today if you knew you had to pay $10,000 each year for the next 5 years. Assume the annual interest rate is 12%.
2. How much cash would you need to invest today if you knew you had to pay $1,000 each month for the next 5 years. Assume the annual interest rate is 12%.
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
