Business, 20.07.2020 21:01 omar2334

Derek's grandfather gives all of his grandchildren $15,000 on their 30th birthdays. Derek just turned 20. What is the value of the
$15,000 gift in today's dollars, assuming that Derek can earn 5.5%
compounded annually?

Answers: 2

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Derek's grandfather gives all of his grandchildren $15,000 on their 30th birthdays. Derek just turn...