Question
Pedro Matos wants to buy a new German sports car in three years. The car is expected to cost $80,000 at that time. If Pedro
Pedro Matos wants to buy a new German sports car in three years. The car is expected to cost $80,000 at that time. If Pedro should be so lucky to find an investments yielding 12% over that three-year period, how much would Pedro have to invest now in order to accumulate $80,000 at the end of the three years?
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
