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How much should you invest now so that starting one year from today your daughter can receive $6,000 per year for the next five years?
How much should you invest now so that starting one year from today your daughter can receive $6,000 per year for the next five years? Assume the discount rate is 15%.
For the following, enter the initial values you will put into the calculator. If the number is entered as a negative, include that in your answer. Enter a question mark for the variable you are solving for. N = ________ I/Y = _________ PV = ________ PMT = _________ FV = ________
Answer = _________
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