Question
How much must you invest at 7% interest in order to see your investment grow to $27,000 in 9 years? (Round PV Factor to 3
How much must you invest at 7% interest in order to see your investment grow to $27,000 in 9 years?
(Round "PV Factor" to 3 decimal places.)
Please show equation, I picked none of these and it was wrong. :( rev: 07-23-2011
| $14,054 | |
| $14,688 | |
| $14,089 | |
| none of these |
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
