1.After some long-range planning, Saint Leo University has decided to build a new recreation facility in five years.They have received estimates that the facility will
1.After some long-range planning, Saint Leo University has decided to build a new recreation facility in five years.They have received estimates that the facility will cost $14.5 million dollars at that time.They have an investment opportunity that will return 8%.How much do they need to invest today to have $14.5 million at that time?
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Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
