Suppose you want to buy some new furniture for your family room. You currently have $500 and

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Suppose you want to buy some new furniture for your family room. You currently have $500 and the furniture you want costs $600. If you can earn 6%, how long will you have to wait if you don’t add any additional money? (please show your work)

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: May 14, 2012 05:26 AM

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Suppose you want to buy some new furniture for your family room. You currently have $500 and

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Given information Present Value 500 Future value 600 ...View the full answer

Contemporary Engineering Economics

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