Business, 30.04.2021 15:30 katielloyd

You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. a. What single payment could be made at the beginning of the first year to achieve this objective

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You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term c...

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