Question
You have a goal of having $100,000 five years from today. The annual return on the investment is expected to be 8% and will be
You have a goal of having $100,000 five years from today. The annual return on the investment is expected to be 8% and will be compounded semiannually. The amount that needs to be invested today is closest to:
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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
