A student needs to have $ 80,000 in four years. What amount must she invest today if

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A student needs to have $ 80,000 in four years. What amount must she invest today if her investment earns 12% annual interest, compounded quarterly? Draw a timeline to illustrate the problem.

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Nov 24, 2015 04:39 AM

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A student needs to have $ 80,000 in four years. What amount must she invest today if

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The problem is illustrated in the time line below Discounting ...View the full answer

Intermediate Accounting

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