A balloon payment of $21,000 on your house is due in 10 years. If you can earn

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A balloon payment of $21,000 on your house is due in 10 years. If you can earn an average of 5 percent per year for the 10-year period, how much will you have to place into an account today to have the $21,000 in 10 years?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Question Posted: Jul 31, 2015 09:03 AM

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A balloon payment of $21,000 on your house is due in 10 years. If you can earn

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Entrepreneurial Finance

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