How much would you have to deposit in years 7 , 8 and 9 to be able

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How much would you have to deposit in years 7 , 8 and 9 to be able to withdraw $1,000 in years 9 and 10 if your bank account earns 6% APR compounded annually?

(Hint: bring all the cash-flows back to today and then solve from there)

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Feb 26, 2024 06:42 AM

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How much would you have to deposit in years 7 , 8 and 9 to be able

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Contemporary Business Mathematics with Canadian Applications

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