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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

 

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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?

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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


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Personal Finance Turning Money into Wealth

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: June 07, 2023 03:15:05
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