You want to save (deposit) $5987 per year, starting next year, to make a down payment of

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You want to save (deposit) $5987 per year, starting next year, to make a down payment of $77138 on a vacation home. If you can earn 6.87 percent on your investment, for how many years will you have to make deposits?

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: Jan 11, 2021 02:17 PM

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You want to save (deposit) $5987 per year, starting next year, to make a down payment of

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PV 5987 FV 77138 Rate 687 n FV PV x 1r n 1r 77138 5987100687 n 100687 m... View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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