If you want to have $10,000.00 in 4 years and 9 months, how much should you deposit today in an investment fund that is earning interest at a rate of 4.40 % compounded quarterly? Round to the nearest cent

If you want to have $10,000.00 in 4 years and 9 months, how much should you deposit today in an investment fund that is earning interest at a rate of 4.40 % compounded quarterly? Round to the nearest cent

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1QTD

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If you want to have $10,000.00 in 4 years and 9 months, how much should you deposit
today in an investment fund that is earning interest at a rate of 4.40% compounded
quarterly?
Round to the nearest cent

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