Blue Sky Corporation wants to know how much to invest today to have $75,000 at the end of one year, assuming a 10% rate of return. What amount should they invest? a. $65,217.39 b. $68,181.82 c. $70,500.00 d. $72,000.00
Blue Sky Corporation wants to know how much to invest today to have $75,000 at the end of one year, assuming a 10% rate of return. What amount should they invest? a. $65,217.39 b. $68,181.82 c. $70,500.00 d. $72,000.00
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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Blue Sky Corporation wants to khnow how much to invest today to have $75,000... Please need answer the accounting question
Transcribed Image Text:Blue Sky Corporation wants to know how much to invest today to have $75,000 at the end of
one year, assuming a 10% rate of return. What amount should they invest?
a. $65,217.39
b. $68,181.82
c. $70,500.00
d. $72,000.00
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