Question
After 3 years of investment, now Lisa has a saving of $7,500. Given the rate of return of 8%, how much money Lisa had put
After 3 years of investment, now Lisa has a saving of $7,500. Given the rate of return of 8%, how much money Lisa had put in her investment 3 years ago?
Is this question about finding present value or future value?
Perform calculation to find out how much money had Lisa put into her investment 3 years ago?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway
10th Canadian Edition
1259654753, 9781259654756
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