Question
An investor plans to invest $500 a year and expects to get a 10.5% return.If the investor makes these contributions at the end of the
An investor plans to invest $500 a year and expects to get a 10.5% return.If the investor makes these contributions at the end of the next 20 years, what is the present value of this investment today?
I need the break down and the formula to understand the answer please.
Thank you
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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
