Juan would like to give his newly born grandson a gift of $ 10,000 on his 18th

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Juan would like to give his newly born grandson a gift of $ 10,000 on his 18th birth-day. Juan can earn 7% interest on a certificate of deposit. How much must he deposit now in order to achieve his goal?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:17 AM

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Juan would like to give his newly born grandson a gift of $ 10,000 on his 18th

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