Question: 19 Problem 4 and 5-5 Present Value and Annuity Payments 2.5 points A local furniture store is advertising a deal in which you buy a

19 Problem 4 and 5-5 Present Value and Annuity Payments 2.5

19 Problem 4 and 5-5 Present Value and Annuity Payments 2.5 points A local furniture store is advertising a deal in which you buy a $3,400 dining room set and do not need to pay for two years (no interest cost is incurred). 8 02:17:35 How much money would you have to deposit now in a savings account earning 4 percent APR, compounded monthly, to pay the $3,400 bill in two years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value eBook Print References How much would you have to deposit in the savings account each month earning 4 percent APR to be able to pay the bill? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Annuity payment per month

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