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8. Melba needs $5,000, 5-years from now, $10,000, 10-years from now and $20,000 20-years from now. If she can earn 8% compounded semi-annually, what
8. Melba needs $5,000, 5-years from now, $10,000, 10-years from now and $20,000 20-years from now. If she can earn 8% compounded semi-annually, what single deposit today will provide her with the withdrawals she needs in the future? 5000 110.085x2 10,000 20,000 1+0.08 202 $
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
