if you desire to have 16,000 for a down payment for a house in four years,what amount

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if you desire to have 16,000 for a down payment for a house in four years,what amount would you need to deposit today? assume that your money will earn 6 percent round your Pv factor to 3 decimal places and final answer to the nearest whole dollar.

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: Jul 25, 2023 03:59 AM

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if you desire to have 16,000 for a down payment for a house in four years,what amount

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To calculate the present value PV of the amount needed for a down payment we ... View the full answer

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