How much must you invest today in order to receive $10,000 at the end of each year for the next
8 years assuming you can earn 5 percent​ interest?
Answer : 6,768.39 (or) 6,736.40
Current investment = (10,000)*(1/1.05)^8 = 10,000*0.676839 = 6,768.39 (or) 6,768.40
r= 5%
n= 8
How much must you invest today in order to receive $10,000 at the end of each...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent​ interest?
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Please use the table provided under the EC Time Value of Money Module otherwise you may be marked wrong due to rounding.
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