Over the next three years, Freddie plans to save $2,000, $2,500, and $3,000, respectively, starting one year

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Over the next three years, Freddie plans to save $2,000, $2,500, and $3,000, respectively, starting one year from today. You want to have as much money as Freddie does three years from now but you plan to make one lump sum investment today.

What amount must you save today if you both earn 4.65 percent annually?

Related Book For answer-question

Personal Financial Planning

ISBN: 9780357438480

15th Edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Jun 26, 2023 04:24 AM

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Over the next three years, Freddie plans to save $2,000, $2,500, and $3,000, respectively, starting one year

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You would need to save 783155 today to have as much as Freddie in three years EXPLNTION ... View the full answer

Personal Financial Planning

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