You want to have $260.000 saved 15 years from now. How much less do you have...
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You want to have $260.000 saved 15 years from now. How much less do you have to deposit today to reach this goal if you can earn 8% rather than 7 on your savings? $1,720.44 O$12,273 13 $16.602.12 O$17,414 41 Ⓒ$20 0192 You want to have $260.000 saved 15 years from now. How much less do you have to deposit today to reach this goal if you can earn 8% rather than 7 on your savings? $1,720.44 O$12,273 13 $16.602.12 O$17,414 41 Ⓒ$20 0192
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The present value is computed as follows Future value 1 interest rate time ... View the full answer
Related Book For
International Economics Theory and Policy
ISBN: 978-0273754206
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
Posted Date:
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