Calculating the Time Value of Money for Savings Goals. If you desire to have $20,000 for a

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Calculating the Time Value of Money for Savings Goals. If you desire to have $20,000 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 4 percent.

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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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