Question
Billy wants to give his daughter $150,000 on her graduation date in 5 years. How much should he invest today at an annual interest rate
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Billy wants to give his daughter $150,000 on her graduation date in 5 years. How much should he invest today at an annual interest rate of 3% compounded annually to have $150,000 in 5 years?
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Mike expects to receive $100,000 from the sale of his business in 5 years. What is the current value of his business if it is discounted at 9% compounded semiannually?
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Jack expects to receive $1,000,000 in 40 years. His opportunity cost is 6% compounded monthly. What is this sum worth to Jack today?
Billy wants to give his daughter $150,000 on her graduation date in 5 years. How much should he invest today at an annual interest rate of 3% compounded annually to have $150,000 in 5 years?
Mike expects to receive $100,000 from the sale of his business in 5 years. What is the current value of his business if it is discounted at 9% compounded semiannually?
Jack expects to receive $1,000,000 in 40 years. His opportunity cost is 6% compounded monthly. What is this sum worth to Jack today?
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Discovering Advanced Algebra An Investigative Approach
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
1st edition
1559539844, 978-1604400069, 1604400064, 978-1559539845
