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20 You expect to receive $7,000 from your godmother at graduation in two years. You plan to Invest the gift in the Transylvanian Bank &
20 You expect to receive $7,000 from your godmother at graduation in two years. You plan to Invest the gift in the Transylvanian Bank & Loan which pays 8 percent annually on deposits. You'll leave your money in the bank until you have $99,000. How long will you have to wait from now before you reach that target amount? (Do not round your Intermediate calculations.) Step by Step Solution
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper
2nd canadian edition
133025071, 978-0133519761, 133519767, 978-0133523676, 133523675, 978-0133025071
