Raya is saving for a new car. He needs to have OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target Select one: a. 22680.80 OMR b. 17107.50 OMR c. 24680.70 OMR d. None of these e. 16670.47 OMR
Raya is saving for a new car. He needs to have OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target Select one: a. 22680.80 OMR b. 17107.50 OMR c. 24680.70 OMR d. None of these e. 16670.47 OMR
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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Raya is saving for a new car. He needs to have OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target
Select one:
a. 22680.80 OMR
b. 17107.50 OMR
c. 24680.70 OMR
d. None of these
e. 16670.47 OMR
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