Suppose you need $1,000 in one year and $2,000 more in two years. If you can earn 9%, how much do you need to put up today?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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Suppose you need $1,000 in one year and
 $2,000 more in two years. If you can earn 9%,
 how much do you need to put up today?

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