You want to have $52,000 in your bank account 3 years from now.In order to have enough

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You want to have $52,000 in your bank account 3 years from now.In order to have enough for a belated honeymoon trip to the Maldives.

How much do you have to set aside today in your bank account to reach this goal if your bank pays 3.4 percent interest to its depositors?

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 07, 2023 01:40 AM

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You want to have $52,000 in your bank account 3 years from now.In order to have enough

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Expert Answer:

We can use the future value formula to calculate how much ... View the full answer

Personal Financial Planning

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