Question
Bob has a goal to buy a $2.0 million beach house in 10 years. If he expects to make a 11% annual return, how much
Bob has a goal to buy a $2.0 million beach house in 10 years. If he expects to make a 11% annual return, how much does he need to invest today to buy his beach house in 10 years?
Group of answer choices
$720,000.00
$704,368.96
$677,368.72
$191,041.55
$112,800.00
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
