Ashley wishes to purchase a $10000 vehicle in 4 years. She can earn 6% compounded semi annually

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Ashley wishes to purchase a $10000 vehicle in 4 years. She can earn 6% compounded semi annually at her bank. How much must Ashley deposit at the beginning of the year to $10,000 in 4 years.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Posted Date: Feb 17, 2023 05:48 AM

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Ashley wishes to purchase a $10000 vehicle in 4 years. She can earn 6% compounded semi annually

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We can use the formula for the future value of a lump sum ... View the full answer

Personal Financial Planning

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