Question: 5 - 1 2 . ( Calculating present value ) ( Related to Checkpoint 5 . 4 on page 1 7 3 ) Thomas Hill

5 - 12 . (

Calculating present value

) (

Related to Checkpoint

5.4

on page

173)

Thomas Hill wow. eat have a lied in at the time of his retirement, which is an years does he have to invest today? If he invests in a tracker fund that pays

15

percent per annum, how quickly can he retire?

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