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Present Value of a Future Lump Sum Problem: David and Iantha expect their 2-year-old daughter to get married someday. They estimate that her wedding would
- Present Value of a Future Lump Sum Problem: David and Iantha expect their 2-year-old daughter to get married someday. They estimate that her wedding would cost $50,000 in 25 years, when they anticipate she will marry. What amount do they need to set aside today for their daughters wedding, if the amount invested today earns a conservative 4% a year.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
