Ten years ago, Hailey invested $3,000 and locked in an 8 percent annual interest rate for 30

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Ten years ago, Hailey invested $3,000 and locked in an 8 percent annual interest rate for 30 years (end 20 years from now).  Aidan can make a 20-year investment today and lock in a 10 percent interest rate.  How much money should he invest now in order to have the same amount of money in 20 years as Hailey?    
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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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