If you give me correct answer I will give you helpful rate on these financial accounting question If you wish to accumulate $150,000 in 10years, how much must you deposit today in abank account that pays an annual interestrate of 12%?

Present Value = Future Value/(1+Interest Rate)^No. of years Where,Future Value = $150,000Interest…

Answered: If you wish to accumulate $150,000 in…

If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest rate of 12%?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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If you give me correct answer I will give you helpful rate on these financial accounting question

If you wish to accumulate $150,000 in 10
years, how much must you deposit today in a
bank account that pays an annual interest
rate of 12%?

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