Question
Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interest,
Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interest, compounded annually in order to have $5,500, 18 years from now.
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Management Accounting And Control Systems An Organizational And Sociological Approach
Authors: Norman B. Macintosh, Paolo Quattrone
2nd Edition
0470714476, 978-0470714478
