Your goal is to have $50,000 in cash to build a new home twelve years from now.
Fantastic news! We've Found the answer you've been seeking!
Question:
Your goal is to have $50,000 in cash to build a new home twelve years from now. Your plan is to make one deposit today to fund this goal. How much more will you have to deposit today to fund this goal if you can only earn 4% on your savings rather than 5%?
A. $3,104.11
B. $3,188.87
C. $3,218.07
D. $3,273.16
E. $3,387.98
Related Book For
Business Statistics in Practice
ISBN: 978-0077404741
6th edition
Authors: Bruce Bowerman, Richard O'Connell
Posted Date: