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QUESTION 39 Nesbitt Inc. wishes to have $200,000 in three years.Neil Nesbitt, the CFO, has found an investment that will pay a 6% compound rate
QUESTION 39
- Nesbitt Inc. wishes to have $200,000 in three years.Neil Nesbitt, the CFO, has found an investment that will pay a 6% compound rate of interest.Compute the amount that Neil must deposit now for the investment to be worth $200,000 three years from now.Use the Time Value of Money table attachment.
a.$200,000
b.$167,924
c.$188,000
d.$164,000
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
