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Melanie is trying to save money for retirement and has a future goal of $600,000 at the end of 20 years. Determine the present value
- Melanie is trying to save money for retirement and has a future goal of $600,000 at the end of 20 years. Determine the present value of her goal using a discount rate of 11%.
- How would the present value change if the $600,000 is to be received at the end of 15 years instead? Explain the impact and show your work.
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
