Question: Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $5,300 living room

Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $5,300 living room set with three years before you need to make any payments (no interest cost is incurred) How much money would you have to deposit now in a savings account earning compounded monthly, to pay the $5,300 bill in three years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) percent APR esent value How much would you have to deposit in the savings account each month to be round intermediate celculations and round your final answer to 2 decimal places.) able to pay the bill? (Do not Annuity payment References eBook & Resources Worksheet Problem 4 and s-6 Present Value and Annulty Payments

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