Today is January 1st. You decided that on December 31st each year, starting at the end...

 

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Today is January 1st. You decided that on December 31st each year, starting at the end of this year, you will be investing $3,600 in a special investment account. Your goal is to have exactly $120,000 after making a total of 17 of such investments. This is exactly how much your dream antique car will cost you! This is a(n) [Select] problem. $3,600 that is given is [Select] , and $120,000 that [Select] is given is [Select] Future Value (FV) . The implied annual int Present Value (PV) [Select] [Select] recurring cash flow amount (PMT) percent (rounded to two decimal places). Notice that the answer needs to be in percent, not in decimals. Today is January 1st. You decided that on December 31st each year, starting at the end of this year, you will be investing $3,600 in a special investment account. Your goal is to have exactly $120,000 after making a total of 17 of such investments. This is exactly how much your dream antique car will cost you! This is a(n) [Select] problem. $3,600 that is given is [Select] , and $120,000 that [Select] is given is [Select] Future Value (FV) . The implied annual int Present Value (PV) [Select] [Select] recurring cash flow amount (PMT) percent (rounded to two decimal places). Notice that the answer needs to be in percent, not in decimals.