Question: If you know you will be given $15,000 in 24 months and you plan to then invest the money for 8 years at 6.5% annually,
If you know you will be given $15,000 in 24 months and you plan to then invest the money for 8 years at 6.5% annually, how much will you have in eight years from today?
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The solution of this question involves two parts The first part is to discount the future amount 150... View full answer
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