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Assume that today is the end of 2019 and you are considering investing $8,000 starting at the end of 2020 in an investment account

Finance

  1. Assume that today is the end of 2019 and you are considering investing $8,000 starting at the end of 2020 in an investment account. This investment amount will then grow at an annual rate of 5%. You plan on ending your contribution to the investment account at the end of 2027. If the annual return on the investment account is expected to be 8% p.a., the present value of this investment is closest to:

    Group of answer choices

    $99,593.

    $47,725.

    $81,793.

    $53,807.

  2. Define financial management and explain its importance? (4 marks)

Option 1

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