Question
You have a goal of having $180,000 four years from today. The return on the investment is expected to be 8% and will be compounded
You have a goal of having $180,000 four years from today. The return on the investment is expected to be 8% and will be compounded semi-annually. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)
$132,226.
$90,000.
$131,526.
$120,000.
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk
10th Edition
1119698138, 9781119698135
