Question
If your goal is to have $10,000 in a bank account in 12 years at an interest rate of 6%, how much money must you
If your goal is to have $10,000 in a bank account in 12 years at an interest rate of 6%, how much money must you invest per year?
What type of problem is this: lump sum or annuity?
Fill in each of the following (Note: one of the answers is unknown write ?):
PV =
FV =
CF =
t =
r =
Draw a time line
Write the appropriate formula.
Solve the problem.
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Finance And Industrial Policy
Authors: Giovanni Cozzi, Susan Newman, Jan Toporowski
1st Edition
0198744501, 978-0198744504
