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1. (1pt) You are looking to purchase a home automation system when you graduate in two years. You plan to deposit the money in an
1. (1pt) You are looking to purchase a home automation system when you graduate in two years. You plan to deposit the money in an investment account earning 8 percent annually. The anticipated cost of the system in two years is $2,500. How much must you deposit today? Does the question ask or are the payments at the beg(gining) or end of the periods? What unit of time answers the question? Do I need to convert other variables to the answer's unit of time? Circle the variable below that answers the question. N : I : PV = PMT = FV =
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