Question
Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw
Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw $50,000 ten years from today. The return on the investment is expected to be 8%. The amount that needs to be invested today is closest to:
Multiple Choice
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$69,776.
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$117,884.
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$85,629.
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$60,709.
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Food And Beverage Cost Control
Authors: Jack E. Miller, Lea R. Dopson, David K. Hayes
3rd Edition
0471273546, 978-0471273547
