2. Barbara needs to have 300,000 SAR in the bank 5 years from today, to finance...

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2. Barbara needs to have 300,000 SAR in the bank 5 years from today, to finance her new a house. a) How much money does Barbara need to deposit in the Bank today, assuming the bank pays 4% annual interest? (Hint: use the PV excel function) Answer: b) If Barbara only deposits today 200,000 SAR, how much money will she have in the savings account? (Hint: use the FV excel function) Answer: 2. Barbara needs to have 300,000 SAR in the bank 5 years from today, to finance her new a house. a) How much money does Barbara need to deposit in the Bank today, assuming the bank pays 4% annual interest? (Hint: use the PV excel function) Answer: b) If Barbara only deposits today 200,000 SAR, how much money will she have in the savings account? (Hint: use the FV excel function) Answer:

Answer rating: 100% (QA)

a To calculate how much money Barbara needs to deposit in the bank today we can use the PV present v... View the full answer