You want to invest an amount today that will last for 8 years and allow you...
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You want to invest an amount today that will last for 8 years and allow you to withdraw $865 at the end of each 6-month period. You earn 6% APR compounded semiannually on your investment. How much do you need to invest today to achieve your goal? You want to invest an amount today that will last for 8 years and allow you to withdraw $865 at the end of each 6-month period. You earn 6% APR compounded semiannually on your investment. How much do you need to invest today to achieve your goal?
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Posted Date:
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