Bayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much she have to invest today Select one: a. 17107.50 OMR b. 16199.03 OMR c. None of these d. 15680.04 OMR
Bayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much she have to invest today Select one: a. 17107.50 OMR b. 16199.03 OMR c. None of these d. 15680.04 OMR
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Bayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much she have to invest today Select one:
a. 17107.50 OMR
b. 16199.03 OMR
c. None of these
d. 15680.04 OMR
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