Question
1. You want to save up $45,500 to buy a new car to be purchased in five years. How much money will you have to
1. You want to save up $45,500 to buy a new car to be purchased in five years. How much money will you have to deposit in a saving account today if the account pays 5% interest annually?
2. What is the present value of $15,000 to be paid fin 20 years, with a discount rate of 8%?
3. what is the present value of an annual stream of ten $2,500 payments to you assuming an 8% discount rate?
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
