Question
Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this account is
Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this account is $260,000. If the account has been earning 8% compounded annually, how much did your parents initially deposit?
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Working Capital Management And Finance A HandBook For Bankers And Finance Managers
Authors: R.K.Gupta, Himanshu Gupta
4th Edition
1645875547, 9781645875543
