in order to withdraw $200,000 two years fromnow, how much do you need to deposit todayin a bank account that pays 6% compoundquarterly?

Future value required=$200000Period=2 yearsInterest rate is 6%Compounding quarterly.

Answered: in order to withdraw $200, 000 two…

in order to withdraw $200, 000 two years now, how much do you need to deposit to in a bank account that pays 6% compounc dlya

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 36P

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in order to withdraw $200,000 two years from
now, how much do you need to deposit today
in a bank account that pays 6% compound
quarterly?

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