Question
(Ignore income taxes in this problem.) How much would you have to invest today in the bank at an interest rate of 8% to have
(Ignore income taxes in this problem.) How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of $4,300 per year for 8 years, with nothing left in the bank at the end of the 8 years? Select the amount below that is closest to your answer.
| a | $24,711 |
| b | $37,152 |
| c | $34,400 |
| d | $2,752 |
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Internal Auditing Principles And Techniques
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke
2nd Edition
0894133268, 978-0894133268
