Question
You have a goal of having $190,000 five years from today. The return on the investment is expected to be 10% and will be compounded
You have a goal of having $190,000 five years from today. The return on the investment is expected to be 10% 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.)
Multiple Choice
-
$95,000.
Incorrect -
$126,667.
-
$116,643.
-
$117,343.
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
