You need $200,000 in 20 years for your investment purposes. If you can cam 4.5% per...

Question

Question

business accounting

Answer 1

Answer #1

Present value of $1 @4.5% of 20 years	0.41464286	=1/1.045^20

Amount need to Invest today will be	$ 82,928.57	=200000*0.41464286

Correct answer is option a.

Answer 2

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