Answered: EBEYAYEE" Ltd. has a goal to have GH…

EBEYAYEE" Ltd. has a goal to have GH $50,000 saved by the time she turns sixty- five, which is forty years from now. Assuming she can make 6% on her money, what is the value of that money now?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 8E

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EBEYAYEE" Ltd. has a goal to have GH $50,000 saved by the time she turns sixty- five, which is forty years from now. Assuming she can make 6% on her money, what is the value of that money now?

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