Question
10. Your grandmother invested a lump sum for you 20 years ago earning an average of 7.5% per year over that time. Today, she gave
10. Your grandmother invested a lump sum for you 20 years ago earning an average of 7.5% per year over that time. Today, she gave you proceeds of that investment which is now worth $74,337. How much did she originally invest?
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
