Question
You would like to save $500,000 in 30 years by making a single investment today. You believe you can earn a return from your investment
You would like to save $500,000 in 30 years by making a single investment today. You believe you can earn a return from your investment of 9 percent compounded annually. What is the dollar amount you need to invest today to achieve your goal?
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
