Answered: How much should I invest today and…

How much should I invest today and expect a reimbursement every other month with a ROR of 0.12 compounded bi-monthly for 4 years? I expect to receive every other month an amount of 5,822.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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How much should I invest today and expect a reimbursement every other month with a ROR of 0.12 compounded bi-monthly for 4 years? I expect to receive every other month an amount of 5,822.

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