Brenda Young desires to have $20,000 eight years from now for her daughter's college fund. If she

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Brenda Young desires to have $20,000 eight years from now for her daughter's college fund. If she will earn 4 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation.

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Mar 13, 2018 08:51 AM

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Brenda Young desires to have $20,000 eight years from now for her daughter's college fund. If she

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