Question
Consider making an investment of $8,600 each year.If the first$8,600 investment is made at the end of this year, how much will you have in:
Consider making an investment of $8,600 each year.If the first$8,600 investment is made at the end of this year, how much will you have in:
a.13 years at 6 percent?(Enter your answer as a positive number rounded to2 decimal places.)
b.30 years at 12 percent?(Enter your answer as a positive number rounded to2 decimal places.)
Assume you have just found out you are entitled to receive$118,000 in20 years.If the interest rate is 17 percent, what should you be willing to take today in exchange for the future payment?(Enter your answer as a positive number rounded to 2 decimal places.)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
