An engineer intends to travel abroad to take a postgraduate course at a maternity hospital. He estimates that he needs $
Posted: Wed Jul 06, 2022 5:55 am
An engineer intends to travel abroad to take a postgraduatecourse at a maternity hospital. He estimates that he needs $5,000to establish himself and another $3,000 monthly for two years tocomplete the course. What value would he need to have today to makehis plans viable, considering that he could apply the money at arate of 6.0% per year? (Answer $72.688.7)