You want to save $800 a month for the next 30 years and hope to earn an average rate of return of 12 percent. How much money will you have after 30 years if you invest your money at the end of each month? $2,795,971.31 $2,681,482.99 $2,823,931.02 $2,523,930.30
You want to save $800 a month for the next 30 years and hope to earn an average rate of return of 12 percent. How much money will you have after 30 years if you invest your money at the end of each month? $2,795,971.31 $2,681,482.99 $2,823,931.02 $2,523,930.30
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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You want to save $800 a month for the next 30 years and hope to earn an average rate of return of 12 percent. How much money will you have after 30 years if you invest your money at the end of each month?
$2,795,971.31
$2,681,482.99
$2,823,931.02
$2,523,930.30
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