Your bank pays 5.50% interest. You have three planned outlays in the future. You need $4,200 two

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Your bank pays 5.50% interest. You have three planned outlays in the future. You need $4,200 two years from today, $5,800 in five years, and $6,300 in eight years. How much must you deposit today in order to makes these withdrawals?

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Posted Date: Apr 04, 2024 06:23 AM

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Your bank pays 5.50% interest. You have three planned outlays in the future. You need $4,200 two

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Personal Financial Planning

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