Question
What is the Lump Sum/Annual & Total Present Value? moving out savings $8,000, by 9/2024 purchase used car $6,000, by 1/2024 Emergency fund $5,000, by
moving out savings $8,000, by 9/2024 purchase used car $6,000, by 1/2024 Emergency fund $5,000, by 6/2024 invest in stocks $5,000, by, 9/2025 Buy a new car $53,469, by, 10/2027 Buy a house $1,500,000, by, 7/2032 retirement $2,000,000, by 9/2054 Please note the amount needed is the present value. You may want to use 6% as the discount rate to bring back to present and 3% inflation rate. Use the student loan interest rate and the actual amount in your calculation. What is the Lump Sum/Annual & Total Present Value?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
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