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You want to invest an amount today that will last for 8 years and allow you to withdraw $865 at the end of each
You want to invest an amount today that will last for 8 years and allow you to withdraw $865 at the end of each 6-month period. You earn 6% APR compounded semiannually on your investment. How much do you need to invest today to achieve your goal?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
