Tim Howard has been offered the opportunity of investing $26,294 now. The investment will earn 10% per year and at the end of that time
Tim Howard has been offered the opportunity of investing $26,294 now. The investment will earn 10% per year and at the end of that time will return Tim $62,000. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Tim wait to receive $62,000? (Hint: Use Table 3.)
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Authors: Dansby
5th Edition
0763834955, 978-0763834951
