If you wish to have $8000 in a saving account at the end of six years, and

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If you wish to have $8000 in a saving account at the end of six years, and 5% compound interest will be paid annually, how much should you put into the saving account now ?

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Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 07, 2024 12:40 AM

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If you wish to have $8000 in a saving account at the end of six years, and

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We can use the future value formula to calculate the initial deposit ... View the full answer

Fundamentals of Financial Management

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