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 (y...

1 Number of periods 54 20 periods Period rate 6 4 15 Table value 074247 Present value 3000 ...

Find the amount that should be set aside today to yield the desired future amount. Use table

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

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:53 AM

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Find the amount that should be set aside today to yield the desired future amount. Use table

Question:

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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1 Number of periods 54 20 periods Period rate 6 4 15 Table value 074247 Present value 3000...View the full answer

Business Math

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