Question
If an investor is able to earn a(n) 12% rate of return compounded annually, what amount would you need to invest to have $30000one year
If an investor is able to earn a(n) 12% rate of return compounded annually, what amount would you need to invest to have $30000one year from now? Click here to view the factor table.
a. $26281
b. $26755
c. $28708
d. $26786
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
10th edition
470646284, 978-0470646281
