This preview shows page 1. Sign up to view the full content.
Unformatted text preview: (c) How much should be set aside today, so that it will grow to $30,000 in 15 years? The discount rate is 9%. From Excel: (b) What is the present worth of an income stream that includes annual payments of $100,000 for 20 years? Assume the appropriate discount rate is 8% per year. From Excel: `...
View Full Document
This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11