You want to establish a savings fund from which a community organization could draw $1,000 a year

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You want to establish a savings fund from which a community organization could draw $1,000 a year for 20 years. If the account earns 2 percent, what amount would you have to deposit now to achieve this goal?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:02 PM

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You want to establish a savings fund from which a community organization could draw $1,000 a year

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To compute the present value of a future value we ca...View the full answer

Personal Finance

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