a. How much money would you have to invest today to accumulate $6,000 after 6 years if
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Question:
a. How much money would you have to invest today to accumulate
$6,000 after 6 years if the rate of return on your investment is?? 12%?
b. What is the present value of
$6,000 that you will receive after 6 years if the discount rate is 12?
c. What is the most you would spend today for an investment that will pay
$6,000 in 6 years if your opportunity cost is 12 %??
d. Compare, contrast, and discuss your findings in part a through c
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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