If Your Client's Objective Is to Have $10,000 in Four

question 151

Short Answer

If your client's objective is to have $10,000 in four years, how much should he invest today in a product earning 5.5% compounded annually? (Taken from CIFP course materials)

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Definitions:

Permanent Part

A component or element of something that is not subject to change or removal, established as a lasting or enduring piece of the whole.

Abolitionist Societies

Groups dedicated to ending the practice of slavery and securing freedom for enslaved people.

Telegraph

An early form of long-distance communication technology that transmitted messages using electrical signals over wires, significantly influencing the 19th and early 20th centuries.

Charity Fairs

Public or private gatherings organized to raise funds and awareness for charitable causes, often featuring goods for sale, games, and entertainment.