Anne wants $15,000 in 5 years. If her savings account earns 6% a year, how much does

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Anne wants $15,000 in 5 years. If her savings account earns 6% a year, how much does she need to deposit now?
a. $9,725.75
b. $11,208.87
c. $10,500
d. $12,317.51

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Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Question Posted: Aug 26, 2013 07:33 AM

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Anne wants $15,000 in 5 years. If her savings account earns 6% a year, how much does

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Introduction to Management Science

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