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Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 44 times)

Davideckstein7

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Using the Time Value of Money charts provided, answer the following question(s).



(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)





If Art wants $35,000 in 10 years and can earn a 12% interest rate, how much does he need to invest today?


◦ $10,538
◦ $10,310
◦ $11,270
◦ $14,375


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Marked as best answer by Davideckstein7 on Apr 12, 2019

Dinolord

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Davideckstein7

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Reply 2 on: Apr 12, 2019
Thanks for the timely response, appreciate it


billybob123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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