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Miscellaneous

 

Written by:

Terry V

 

Date added:

February 2, 2017

 

Level:

University

 

Grade:

A

 

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2 / 329

 

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You need $28, 974 at the end of 10 years, and your only investment outlet is an 8% long term certificate of deposit (compounded annually). With the COD, you make an initial investment at the beginning of the year. a. What single payment could be made at the beginning of the first year to achieve this objective? This is a calculation of present values of the amount...
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You need $28, 974 at the end of 10 years, and your only investment outlet is an 8% long term certificate of deposit (compounded annually). With the COD, you make an initial investment at the beginning of the year. a. What single payment could be made at the beginning of the first year to achieve this objective? This is a calculation of present values of the amount...
displayed 300 characters

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