An investment promises a return of 15%. It will require that you will make payments of...
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An investment promises a return of 15%. It will require that you will make payments of $900 in two, three and four years. Then you will have to make payments of $2,600 in 7, 8 and 9 years. No other payments are required. How much will you have in 17 years? An investment promises a return of 15%. It will require that you will make payments of $900 in two, three and four years. Then you will have to make payments of $2,600 in 7, 8 and 9 years. No other payments are required. How much will you have in 17 years?
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To calculate the amount you will have in 17 years we need to determine the future value of each cash ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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