Question
You wish to have $10,000 in 20 years (t=20). Based on the current interest rate, you know if you deposit $9,000 today (t=0), you can
You wish to have $10,000 in 20 years (t=20). Based on the current interest rate, you know if you deposit $9,000 today (t=0), you can achieve exactly that goal. Alternatively, you could deposit $______ 5 years from today to also reach that goal.
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
