Suppose you need $15,000 in 3 years. If you can earn 6% annually, how much do...
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● ● Suppose you need $15,000 in 3 years. If you can earn 6% annually, how much do you need to invest today? If you could invest the money at 8%, would you have to invest more or less than your answer above? How much? ● ● Suppose you need $15,000 in 3 years. If you can earn 6% annually, how much do you need to invest today? If you could invest the money at 8%, would you have to invest more or less than your answer above? How much?
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To calculate how much you need to invest today to have 15000 in 3 years we can use the concept of pr... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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