Question
a person wants to have $3000 avaliable to spend on an overseas trip four years from now. If such funds could be expected to earn
a person wants to have $3000 avaliable to spend on an overseas trip four years from now. If such funds could be expected to earn 7 percent, how much chould be invested in a lump sum to realize the $3000 when needed?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
