You are depositing an amount today that earns 2 5 interest, compounded annually, and your goal is to have $5,000 in 5 years How much must you deposit today to your account Present value (PV) future value (1 interest rate) of periods In this case, the number of periods is the number of years You ar...

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You are depositing an amount today that earns 2.5% interest, compounded annually, and your goal is...

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Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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