You need $20,000 five years from now. The account pays 9% compounded annually. If you will receive

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You need $20,000 five years from now. The account pays 9% compounded annually. If you will receive $5,000 at the end of year 5, how much do you have to deposit today?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Oct 05, 2023 02:04 AM

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You need $20,000 five years from now. The account pays 9% compounded annually. If you will receive

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Principles of Finance

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