Alfredo wants to know how much he must put in a bank account today to have...

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Alfredo wants to know how much he must put in a bank account today to have within 14 years an amount equivalent to $ 20,000 in value today (year 0). Inflation is 8%. The interest rate offered by the bank is 5% per year. a) Calculates the conversion to current dollars of $20,000 $ . b) How much should you deposit with the bank today to achieve your goal? $ To receive credit results have to match submitted procedures. c) Send the calculations made to reach the answers through the Spreadsheet icon. Alfredo wants to know how much he must put in a bank account today to have within 14 years an amount equivalent to $ 20,000 in value today (year 0). Inflation is 8%. The interest rate offered by the bank is 5% per year. a) Calculates the conversion to current dollars of $20,000 $ . b) How much should you deposit with the bank today to achieve your goal? $ To receive credit results have to match submitted procedures. c) Send the calculations made to reach the answers through the Spreadsheet icon.

Answer rating: 100% (QA)

introduction A Calculate the 20000 dollar translation to current dollars A 14 B 20000 8co inflation ... View the full answer