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As part of the companys strategic plan it plans to purchase a small, but popular on-line artisan store. The company estimates that the total value
As part of the companys strategic plan it plans to purchase a small, but popular on-line artisan store. The company estimates that the total value of the artisan store in 10 years will be $15 million, and it can earn 6.5% on its investment. How much will the company need today in order to have $15 million available in 10 years? Assuming, the company wants to save money every year instead, how much will it need to invest every year for the next 10 years to have $15 million available in 10 years?
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