If you want to have 60,000 in 8 years, how much do you need to deposit in

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If you want to have 60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%?

Formular:

Present value- PV= FV* i/(1+i)n

Future Value-FV= PV *(i+i)n

Posted Date: May 10, 2024 03:10 AM

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If you want to have 60,000 in 8 years, how much do you need to deposit in

Question:

Expert Answer:

Youre absolutely right The formula you provided for present value PV is correct PV FV i 1 ... View the full answer

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