CourseLover

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Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 07 Dec 2017 My Price 10.00

Calculating Present Value

Calculating Present Value

Let’s assume that I want to have $1 million when I retires in 20 years. If I can earn a 10% annual return, compounded semi-annually, on my investments, the lump-sum amount I would need to invest today to reach my goal is closest to: semi-annual R=10%2=.05, and period N=2x20-40: PV= ($142,046)

 

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CourseLover
(12)
Status NEW Posted 07 Dec 2017 02:12 PM My Price 10.00

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