
EBK PERSONAL FINANCE
7th Edition
ISBN: 8220100659713
Author: KEOWN
Publisher: PEARSON
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Chapter 1, Problem 2DC1
Summary Introduction
To identify:
Financial goals for short, intermediate and long-term and the most and less important in each term.
Introduction:
Financial goals are the monetary objective of an individual or family. So, they can be financially secured.
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You plan to contribute seven payments of $2,000 a year, with the first payment made today (beginning of year 0) and the final payment made at the beginning of year 6, earning 11% annually. How much will you have after 6 years?
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