Rick wants to have earned $10,000 at the end of 6 years. How much must he deposit

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Rick wants to have earned $10,000 at the end of 6 years. How much must he deposit today in order to do so, if his rate of interest is fixed at 8% compounded annually?
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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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