Sirius Company wants to have $60,000 at the end of eight years. Using a spreadsheet or a financial calculator, calculate how much Sirius must invest today in a fund that pays 10 percent, compounded annually.
What is the required amount of investment?
A) $ 27,990
B) $ 11,247
C) $ 7,500
D) $320,096
Correct Answer:
Verified
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