Question
Sam Long anticipates he will need approximately $225,800 in 11 years to cover his 3-year-old daughters college bills for a 4-year degree. How much would
Sam Long anticipates he will need approximately $225,800 in 11 years to cover his 3-year-old daughters college bills for a 4-year degree.
How much would he have to invest today at an interest rate of 8 percent compounded semiannually? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
Amount $
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Multinational Finance
Authors: Kirt C. Butler
3rd Edition
0324177453, 978-0324177459
