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If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn 12% compounded annually? (Round answers to O decimal places, e.g. 25,000.) Click here to view the factor table. Investment $

If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn 12% compounded annually? (Round answers to O decimal places, e.g. 25,000.) Click here to view the factor table. Investment $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn 12% compounded annually? (Round answers to O decimal places, e.g. 25,000.) Click here to view the factor table. Investment $
Transcribed Image Text:If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn 12% compounded annually? (Round answers to O decimal places, e.g. 25,000.) Click here to view the factor table. Investment $
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