Find the amount that should be set aside today to yield the desired future amount The present value formula Future amount needed I, $20,000 $9,800 Future amount needed 5 EXCEL 2 $8,000 12 EXCEL 4 $14 700 Investment time (years) Interest rate 4 2 Interest rate Investment time (years) Compounding sem...

1 Number of periods 52 10 periods Period rate 4 2 2 Table value 082035 Present value 2 ...

Find the amount that should be set aside today to yield the desired future amount. The present

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Find the amount that should be set aside today to yield the desired future amount. The present value formula?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:51 AM

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Find the amount that should be set aside today to yield the desired future amount. The present

Question:

Future amount needed I, $20,000 . $9,800 Future amount needed 5 EXCEL 2. $8,000 12 EXCEL 4. $14.700 Investment time (years) Interest rate 4% 2% Interest rate Investment time (years) Compounding semiannually semiannually Compounding quarterly annually 3% 20

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1 Number of periods 52 10 periods Period rate 4 2 2 Table value 082035 Present value 2...View the full answer

Business Math

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