Question
Use the present value formula to determine the amount to be invested now or the present value needed. The desired accumulated amount is $120000 after
Use the present value formula to determine the amount to be invested now or the present value needed.
The desired accumulated amount is $120000 after 6 years invested in an account with 8% interest compounded quarterly.
The amount to be invested now - or the present value needed- is $
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
