Question
You wish to have $10,000 in 20 years (t=20).Based on the current interest rate, you know that if you deposit $6,000 in a bank account
You wish to have $10,000 in 20 years (t=20).Based on the current interest rate, you know that if you deposit $6,000 in a bank account today (t=0), you would be able to exactly reach that goal.Alternatively, you could deposit $_________ five years from today to also reach that goal.
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
