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How much money must you invest now in order to have $10,000 in 15 years if your investment earns an effective annual interest rate of
How much money must you invest now in order to have $10,000 in 15 years if your investment earns an effective annual interest rate of 4% per year?
$18,009.44
$5493.60
$5552.65
$5493.60
None of the above
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
