2. Firm wishes to have $3,000 seven years from now. What amount should be deposited now at an interest rate of 5% per year to provide for it? Future Value amount FV Rate of interest (i%) Number of period RATE per year NPER years

2. Firm wishes to have $3,000 seven years from now. What amount should be deposited now at an interest rate of 5% per year to provide for it? Future Value amount FV Rate of interest (i%) Number of period RATE per year NPER years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2. Firm wishes to have $3,000 seven years from now. What amount should be deposited now at an interest rate of 5% per year to provide for it?
Future Value amount
FV
Rate of interest (i%)
Number of period
RATE
per year
NPER
years

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