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Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
Edition 7ISBN: 978-0073545875Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
Edition 7ISBN: 978-0073545875 Exercise 3
Assume someone wishes to have $80,000 10 years from now as a college education fund for a child.
a.
How much money would have to be invested today at 6 percent compound interest
At 8 percent
b.
How much would have to be invested annually at 6 percent compound interest
At 8 percent
a.
How much money would have to be invested today at 6 percent compound interest
At 8 percent
b.
How much would have to be invested annually at 6 percent compound interest
At 8 percent
Explanation
Verified
Verified
Present Value:
The current worth of an ...
Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
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