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16 Joyce Thomas wants to buy a house in six years. She hopes to have $25,000 at that time. If the bank CD she wants
16 
Joyce Thomas wants to buy a house in six years. She hopes to have $25,000 at that time. If the bank CD she wants to invest in will pay 7.5 percent compounded annually, how much will she have to invest today? (Round to the nearest dollar) $13,987 $18,472 $16,199 $23,256 Step by Step Solution
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
7th Edition
0073530751, 9780073530758
