You have been offered an investment that will pay you 9 per
a) You have been offered an investment that will pay you 9% per year. If you invest $15,000, how long until you have $45,000?
b) Which do you prefer $5,500 cash now, or $1200 each year for 5 years? Assume a discount rate of 10%.
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a you have been offered an investment that will pay you 9 per year if you invest 15000 how long until you have 45000b
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