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Testbank Multiple Choice Question 86 Debra wants to set aside funds to take an around the world cruise in 6 years. Debra expects that she
Testbank Multiple Choice Question 86
Debra wants to set aside funds to take an around the world cruise in 6 years. Debra expects that she will need $28500 for her dream vacation. If she is able to earn 5% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available? $4190.
$20253.
$38191.
$21267.
Testbank Multiple Choice Question 86
Debra wants to set aside funds to take an around the world cruise in 6 years. Debra expects that she will need $28500 for her dream vacation. If she is able to earn 5% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available?
| $4190. |
| $20253. |
| $38191. |
| $21267. |
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
