Question: Michael Paul wants to start his own business when he

Michael Paul wants to start his own business when he graduates from college in three years and he needs $ 600,000 to do so. How much money must he put aside today under the following conditions?
A. He can earn 8 percent compounded semiannually.
B. He can earn 8 percent compounded annually.
C. He can earn 8 percent compounded quarterly.

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  • CreatedMarch 25, 2015
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