Question
Stacey and Steven will need $20,000 to pay for their wedding in 3 years time. They can earn a return of 3% per annum. How
Stacey and Steven will need $20,000 to pay for their wedding in 3 years time. They can earn a return of 3% per annum. How much will they need to deposit in a lump sum amount today (present value) so that they will have the funds needed to pay for the wedding?
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Handbook Of Corporate Equity Derivatives And Equity Capital Markets
Authors: Juan Ramirez
1st Edition
1119975905, 978-1119975908
