Question
You want to make an investment that will yield a lump sum of $91,191 in 3 years. You will invest at a nominal rate of
You want to make an investment that will yield a lump sum of $91,191 in 3 years. You will invest at a nominal rate of 7%. How much do you need to invest today to reach the above future value?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
