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An investment fund is established today to allow Joe to receive: $50,000 in 3 months from today, $150,000 in exactly 4 years from today, and
An investment fund is established today to allow Joe to receive: $50,000 in 3 months from today, $150,000 in exactly 4 years from today, and then $300,000 in 10 years and 9 months from today. If the appropriate return is 8.52% p.a. compounding monthly, the value of the investment fund, today, is closest to: A. $500,000 B. $412,987 C. $281,708 D. $276,195
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