Question: Find the amount that should be set aside today to yield the desired future amount. Use table 13 - 3 or the present value formula?

Find the amount that should be set aside today to yield the desired future amount. Use table 13 - 3 or the present value formula?

Future amount needed Interest rate 6% 3% Future amount needed 5 EXCEL 3. $46,000 8 EXCEL 4. S11,200 Interest rate 2.5% 4% Investment time (years) 25 Investment Compounding time (years) Compounding annually quarterly . $3,000 quarterly semiannually 2, $17,000

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