Question
Assume DHL needs access to a stream of capital for the next 10 years. If DHL needs $2.5 million per year and can earn 4%
Assume DHL needs access to a stream of capital for the next 10 years. If DHL needs $2.5 million per year and can earn 4% interest compounded annually, how much must the company put away today to have these funds when needed? Round to the nearest dollar.
a. 26,000,000 b. 20,277,250 c. 7,924,663 d. 25,000,000 e. 30,015,267
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
