Find the amount that should be set aside today to yield the desired future amount; use Table
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Future amount needed 1. $4,000 Interest rate 3% Compounding Investment period semiannually time 2 years 2. $7,000 2.5% annually 20 years 3. $10,000 4% quarterly 4 years 4. $5,000 3% semiannually 6 years
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1 Number of periods 22 4 Table value 094218 Period intere...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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