How much should be invested at 8 annual compounded interest
The sum of $10,000 must be available ten years from now (i.e. at EOY10) to pay off a debt that will be coming due in one lump sum. How much should be invested at 8% annual compounded interest in order to accumulate $10,000 in year ten?
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the sum of 10000 must be available ten years from now ie at eoy10 to pay off a debt that will be coming due in one lump
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