If you want to have $1,200 in 27 months, how much money must you put in a

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If you want to have $1,200 in 27 months, how much money must you put in a savings account today? Assume that the savings account pays 14% and that it is compounded monthly.

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Fundamentals of Financial Management

ISBN: 9780273713630

13th Revised edition

Authors: James van Horne, John Wachowicz

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Posted Date: Jun 07, 2018 03:39 AM

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If you want to have $1,200 in 27 months, how much money must you put in a

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Initial Amount we have FV 1200 Time Period n 27 Mont... View the full answer

Fundamentals of Financial Management

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