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Unformatted text preview: If Daisy has $10,000 today that she can invest for retirement in 30 years at 6%, annual compounding, what amount should she expect to have at retirement? What if, instead, she gets a better deal at another bank that offers semi-annual compounding, how much should she expect to have? On the other hand, what if she plans on putting $5,000 away at the end of each year at the same 6% for the next 30 years, how much should she have? Bonds/Notes Payable/Current Portion LTD/ TVM What if she has a really nice grand-dog who says that she will give her $500,000 in 30 years to help fund her retirement; using that same 6%, what is that worth in present day dollars?...
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This note was uploaded on 01/17/2012 for the course ACCT 225 taught by Professor Canace during the Fall '08 term at South Carolina.
- Fall '08
- Financial Accounting