Question
A bank offers a CD that pays a simple interest rate of 9.5 %. How much must you put in this CD now in order
A bank offers a CD that pays a simple interest rate of 9.5 %. How much must you put in this CD now in order to have $2500 for a home-entertainment center in 3 years.
The present value that must be invested to get $2500 after 3 year to get an interest rate of 9.5% is?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
