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You have a goal of having $200,000 three years from today. The return on the investment is expected to be 12% and will be compounded
You have a goal of having $200,000 three years from today. The return on the investment is expected to be 12% and will be compounded semi-annually. The amount that needs to be invested today is closest to:
A $100,000.
B $141,692.
C $133,333.
D $140,992.
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Fraud Auditing And Forensic Accounting
Authors: Tommie W Singleton, Aaron J Singleton, G Jack Bologna, Robert J Lindquist
4th Edition
