Question
You wish to have $5,000 in your account 8 years from today (t=8). If the interest rate is 8% p.a., how much money do you
You wish to have $5,000 in your account 8 years from today (t=8). If the interest rate is 8% p.a., how much money do you need to deposit today (t=0)?
| $4,629.63 | ||
| $2,701.34 | ||
| $62,500.00 | ||
| $2,501.24 | ||
| $28,733.19 |
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
