Question
The International Monetary Fund is trying to raise $1,350 billion in 8 years for new funds to lend to developing countries. At 8% interest compounded
The International Monetary Fund is trying to raise $1,350 billion in 8 years for new funds to lend to developing countries. At 8% interest compounded quarterly, how much must it invest today to reach $1,350 billion in 8 years? (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value $ billion
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
