To save on future home insurance costs, you need a new roof and a burglar alarm system

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To save on future home insurance costs, you need a new roof and a burglar alarm system that will cost $10,000 five years from now. You can earn 3 percent on your savings. How much should you deposit now to obtain $10,000 five years from today?

Related Book For answer-question

Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

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Posted Date: Mar 20, 2024 03:06 AM

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To save on future home insurance costs, you need a new roof and a burglar alarm system

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Personal Finance An Integrated Planning Approach

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