You have decided that you want to be a millionaire when you retire in 45 years- If
Question:
You have decided that you want to be a millionaire when you retire in 45 years- If you can earn a 12 percent annual return, how much do you have to invest today? What if you can earn 6 percent?
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To find the PV of a lump sum we use PV FV 1 ...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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