Question
1. You need $2,500,000 in 20 years time for your retirement. If you can earn 9% per annual, how much do you need to invest
1. You need $2,500,000 in 20 years time for your retirement. If you can earn 9% per annual, how much do you need to invest today?
2. A company invests $32,000 today at an interest rate of 14%pa compounding annually. how much this be worth in 5 years time?
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
