Question
3) Your friend promised to pay you $10,000 every year for the next 5 years, how much should you lend her today? The current interest
3) Your friend promised to pay you $10,000 every year for the next 5 years, how much should you lend her today? The current interest rate is 3% (Hint: Calculate PV of the annuity).
4) If I want to have $1 million by 2052 (30 years), how much should I save every month in a savings account what pays 6% annual interest? (Hint: Find PMT that gives you $1 million in FV).
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Financial Statement Analysis & Dividend Investing
Authors: Andrew P.C.
1st Edition
1075873940, 978-1075873942
