Rework the previous problem, assuming that the $8,000 per period is received at the beginning of each
Question:
Rework the previous problem, assuming that the $8,000 per period is received at the beginning of each year.
Previous Problem
If you invest $8,000 per period for the following number of periods, how much would you have?
a. 10 years at 5 percent
b. 20 years at 9 percent
c. 35 periods at 11 percent
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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