Question
1. You have to pay $12,000 a year in school fees at the end of each of the next six years. If the interest rate
1. You have to pay $12,000 a year in school fees at the end of each of the next six years. If the interest rate is 8%, how much do you need to set aside today to cover these bills?
2. You have invested $60,476 at 8%. After paying the above school fees, how much would remain at the end of the six years?
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1 2 a PV 10000 1055 783526 assuming the cost of the car does not appre...
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
