. How much money invested in the present year to yield $2000 after three years at a 10% interest rate? 2. How long would it take for $5000 invested at 5% p.a. compound interest to double in value?
. How much money invested in the present year to yield $2000 after three years at a 10% interest rate? 2. How long would it take for $5000 invested at 5% p.a. compound interest to double in value?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...
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1. How much money invested in the present year to yield $2000 after three years at a 10% interest rate?
2. How long would it take for $5000 invested at 5% p.a. compound interest to double in value?
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