Suppose you are 20 years old today and want to have OMR 500000 saved by the time you reach 30 years. If you receive 5% interest on your money how much would you have to invest to reach your goal? Select one: O a. 317428.50 b. 306959.63 O c. None O d. 594620.15 O e. 628520.75

Suppose you are 20 years old today and want to have OMR 500000 saved by the time you reach 30 years. If you receive 5% interest on your money how much would you have to invest to reach your goal? Select one: O a. 317428.50 b. 306959.63 O c. None O d. 594620.15 O e. 628520.75

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...

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Question

Suppose you are 20 years old today
and want to have OMR 500000 saved
by the time you reach 30 years. If you
receive 5% interest on your money
how much would you have to invest to
reach your goal?
Select one:
O a. 317428.50
O b. 306959.63
O c. None
O d. 594620.15
e. 628520.75

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