Answered: If you would like to have $ 10,000…

If you would like to have $ 10,000 after 8 years, how much money should you deposit now if the interest rate is 12% compounded each year? Oa. $4039 O b. $4,119.78 O. $8,078 O d. $49,517

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...

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Question

If you would like to have $ 10,000 after 8 years, how much money should you deposit now if the interest rate is 12% compounded each year?
$4039
O b. $4,119.78
Oc.
$8,078
O d. $49,517

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