A. What is the present value of $8,000 received in 7 years at 8% interest? B. Bonnie
Question:
B. Bonnie Lee buys a savings bond for $125. The bond pays 6% and matures in 10 years. What amount will Bonnie receive when she redeems the bond?
C. Erik Peterson needs to have $10,000 at the end of 5 years for home repairs. His investment returns 6%. How much does he need to invest now?
D. Conan Bardwell will receive $1,000 in 6 years from an investment that returns 12%. How much did he invest?
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A Using tables the answer is 8000 0583 4664 Using Excel the answ...View the full answer
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Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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