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2-4 Time Value of Money You want to begin a college fund for your newborn child and you hope to accumulate $ 30,000 by
2-4 Time Value of Money You want to begin a college fund for your newborn child and you hope to accumulate $ 30,000 by 18 years from now. If a current investment opportunity is guaranteed to yield 7 %, how much must you invest (in a lump sum now) to realize the $ 30,000 when desired in 18 years?
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
