How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13 months? Assume the account earns 4.04% simple interest.
How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13 months? Assume the account earns 4.04% simple interest.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13 months? Assume the account earns 4.04% simple interest.
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