EBEYAYEE" Ltd. has a goal to have GH $50,000 saved by the time she turns sixty- five, which is forty years from now. Assuming she can make 6% on her money, what is the value of that money now?
EBEYAYEE" Ltd. has a goal to have GH $50,000 saved by the time she turns sixty- five, which is forty years from now. Assuming she can make 6% on her money, what is the value of that money now?
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 8E
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EBEYAYEE" Ltd. has a goal to have GH $50,000 saved by the time she turns sixty- five, which is forty years from now. Assuming she can make 6% on her money, what is the value of that money now?
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