You want to begin saving for your daughter’s college education and you estimate that she will need R240 000 in 17 years. If you feel confident that you can earn 7.5% per year, how much do you need to invest today?
You want to begin saving for your daughter’s college education and you estimate that she will need R240 000 in 17 years. If you feel confident that you can earn 7.5% per year, how much do you need to invest today?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 6PROB
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You want to begin saving for your daughter’s college education and you estimate that she will need R240 000 in
17 years. If you feel confident that you can earn 7.5% per year, how much do you need to invest today?
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