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A company needs to have $180,000 in 5 years, and will create a fund to insure that the $180,000 will be available. If it
A company needs to have $180,000 in 5 years, and will create a fund to insure that the $180,000 will be available. If it can earn a 6% return compounded annually, how much must the company invest in the fund today to equal the $180,000 at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice C $169,200 $240,867
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
