An investor wishes to deposit an amount of money next year so that at the end of ten years from now a total of $ 384,561 will be in the account. With 16 96 interest compounded monthly, the amount that should be deposited now is

An investor wishes to deposit an amount of money next year so that at the end of ten years from now a total of $ 384,561 will be in the account. With 16 96 interest compounded monthly, the amount that should be deposited now is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An investor wishes to deposit an amount
should be depOsited now is
money next year so that at the end of ten years from now a total of $ 384,561 will be in the account. With 16 96 interest, compounded monthly, the amount that

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