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Author Question: Zheng Sen wishes to accumulate 1 million by the end of 20 years by making equal annual end-of-year ... (Read 70 times)

joblessjake

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on: Jul 10, 2018
Zheng Sen wishes to accumulate 1 million by the end of 20 years by making equal annual end-of-year deposits over the next 20 years. If Zheng Sen can earn 10 percent on his investments, how much must he deposit at the end of each year?
 
  A)  14,900
  B)  50,000
  C) 117,453
  D)  17,460

Question 2

One strength of payback period is that it fully accounts for the time value of money.
 
  Indicate whether the statement is true or false


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jesse.fleming

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


joblessjake

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Reply 2 on: Jul 10, 2018
Wow, this really help

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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