Question
Braxton has been offered a future payment of $24 500 2 years from now. If his opportunity cost is 6 per cent compounded annually, what
Braxton has been offered a future payment of $24 500 2 years from now. If his
opportunity cost is 6 per cent compounded annually, what should he pay for this
investment today? (2 Marks for correct identification of each variables for the calculation,
7 Marks for correct workings and 1 Mark for correct answer to equal a total of 10 Marks).
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
