12. If John wants to have $35,000 in 9 years, how much should he invest today in an account that pays 8% interest compounded annually?
12. If John wants to have $35,000 in 9 years, how much should he invest today in an account that pays 8% interest compounded annually?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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12. If John wants to have $35,000 in 9 years, how much should he invest today in an account that pays 8% interest compounded annually?
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