An investor wants to receive $5000 at the end of each year for the next 5 years
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An investor wants to receive $5000 at the end of each year for the next 5 years (including the current year). How much must he invest today to achieve his objective assuming the money earns 8%?
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Related Book For
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
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