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QUESTION 3 Marua is planning to withdraw AED 50,000 at the end of each year for the next 12 years from her ADCB annuity bank
QUESTION 3 Marua is planning to withdraw AED 50,000 at the end of each year for the next 12 years from her ADCB annuity bank account in Dubai that pays 3% interest compounded annually. How much does Marua need to invest today to meet this goal?
QUESTION 3
Marua is planning to withdraw AED 50,000 at the end of each year for the next 12 years from her ADCB annuity bank account in Dubai that pays 3% interest compounded annually.
How much does Marua need to invest today to meet this goal?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
