Question: Integrated Excel Problem 126 (Static) Tony Ring wants to attend Northeast College. He will need $60,0004 years from today. Assume Tony's bank pays 12% interest
Integrated Excel Problem 126 (Static) Tony Ring wants to attend Northeast College. He will need $60,0004 years from today. Assume Tony's bank pays 12% interest compounded semiannually. Required: Complete the following using the information above and the present value Table 12.3 or the present value table in the Business Math Handbook to answer the following: 1. Period used: 2. Rate used: 3. Factor used: 4. What must Tony deposit today so he will have $60,000 in 4 years? Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect
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