Question
What amount of cash must be invested today in order to have $38,000 at the end of one year assuming the rate of return is
What amount of cash must be invested today in order to have $38,000 at the end of one year assuming the rate of return is 8%? Use Appendix Table 1.
Multiple Choice
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$30,400
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$32,579
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$35,185
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$34,960
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
