Question
6.In 6 years, Hansel and Gretel want to have $20,000 as a down payment for a new house. Right now, they have $12,000 in their
6.In 6 years, Hansel and Gretel want to have $20,000 as a down payment for a new house. Right now, they have $12,000 in their savings account. What nominal rate of interest, compounding quarterly, must their money earn in order to reach their savings goal?
*Please use financial calculator method and show the values being entered for PY, CY, I, N, PMT, FV, PV along with your final answer*
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
