From tech troubles to travel tips, IDNLearn.com has answers to all your questions. Join our community to receive timely and reliable responses to your questions from knowledgeable professionals.

A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in order to have the desired sum in ten years, if the money can be invested at 12%? (Ignore income taxes.)

Refer to exhibit 12B-1 and Exhibit 12B-2