Question
2- Kevin plans to buy a smart TV for $1,600 after 3 years. If the interest rate is 8%, how much money should Kevin set
2- Kevin plans to buy a smart TV for $1,600 after 3 years. If the interest rate is 8%, how much money should Kevin set aside today for the purchase? A) Using the formula, compute the amount. B) Using the tables, compute the amount. C) Using the same facts, compute the answer using the tables assuming that the interest is compounded quarterly. Please show your work in all cases.
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Auditing
Authors: David Ricchiute
8th Edition
0324226292, 978-0324226294
