Suppose you want to have $5,000 saved at the end of five years. The bank will pay

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Suppose you want to have $5,000 saved at the end of five years. The bank will pay 2% interest on your money. How much would you have to deposit today to have the $5,000 you want at the end of five years?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:47 PM

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Suppose you want to have $5,000 saved at the end of five years. The bank will pay

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Financial Accounting: A Business Process Approach

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