Question
Your grandparents were frugal people and decided to help you save for future. However, they werent very good with knowing when youll need the money,
Your grandparents were frugal people and decided to help you save for future. However, they werent very good with knowing when youll need the money, so they decided to put it into an account that cant be touched for 30 years. The investment is expected to yield $50,000 when it matures in 10 years. If the current interest/discount rate is 7%, what is the present value?
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
