In 20 years, Hannah would like to have $30,000 in an account that earns 4.2% compounded monthly. How much does she need to deposit into the account now for it to grow to $30,000?
In 20 years, Hannah would like to have $30,000 in an account that earns 4.2% compounded monthly. How much does she need to deposit into the account now for it to grow to $30,000?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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In 20 years, Hannah would like to have $30,000 in an account that earns 4.2%
compounded monthly. How much does she need to deposit into the account now for it to grow to
$30,000?
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