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What amount of cash must be invested today in order to have $39,000 at the end of one year assuming the rate of return is 8%? a. $35,880.00 b. $31,200.00 c. $33,436.21 d. $36,111.11

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...

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Need help with this general accounting question

What amount of cash must be invested today in order to have $39,000 at the end of one
year assuming the rate of return is 8%?
a. $35,880.00
b. $31,200.00
c. $33,436.21
d. $36,111.11

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