Question: You would like to save $ 2000 for a trip at the end of your degree in three years. You deposit $15,00 today and will
You would like to save $ 2000 for a trip at the end of your degree in three years. You deposit $15,00 today and will make another deposit in 18 months. How much should you deposit so that you will have 2000 in three years if you will earn 3% simple? Use three years as your focal date.
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