Ann knows that she will need $100,000 for living expenses when she retires in 20 years. She used _________ to determine how much she needs to invest today at 10% interest to accumulate the needed funds.
Answer: discounting
Quiz File
Business Management
Ann knows that she will need $100,000 for living expenses when she retires in 20 years. She used _________ to determine how much she needs to invest today at 10% interest to accumulate the needed funds.
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