Question
You are planning to retire in 15 years with $1,000,000.You can earn 10.5% compounded quarterly . How much do you need to invest today ?
You are planning to retire in 15 years with $1,000,000.You can earn 10.5% compounded quarterly. How much do you need to invest today? (Note: Answers are rounded.)
A.$166,785
B.$157,820
C.$143,775
D.$182,560
E.$193,500
F.$211,260
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
