Brianca plans to save $5,000, $1,000, and $42,000 a year over the next three years, respectively. How much would you need to deposit in one lump sum today to have the same amount as Brianca three years from now if you both earn 10.9 percent, compounded annually?

Answer rating: 100% (QA)

To calculate the lump sum deposit needed today to have the same amount as Brianca three ye... View the full answer