How much would Phoebe have to invest today, in one lump sum, to end up with $50,000
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How much would Phoebe have to invest today, in one lump sum, to end up with $50,000 in eight years? You will have to figure Present Value (PV). There is a present value calculator available on the internet or use your financial calculator, however, I want to see the formula in the comments.
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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