Your parents have promised to give you a graduation present of $5,000 when you graduate in four

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Your parents have promised to give you a graduation present of $5,000 when you graduate in four years time. If interest rates stay at 6% compounded annually for the next four years, how much is this money worth in today's dollars?

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Managerial Accounting

ISBN: 9781259275814

11th Canadian Edition

Authors: Ray H Garrison, Alan Webb, Theresa Libby

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Question Posted: Aug 18, 2017 01:47 PM

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Your parents have promised to give you a graduation present of $5,000 when you graduate in four

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Managerial Accounting

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