Question
A couple is saving money to purchase a car in four years. Assuming they can earn a return of 4% annually on any funds saved,
A couple is saving money to purchase a car in four years. Assuming they can earn a return of 4% annually on any funds saved, how much should they deposit at the end of each of the next four years to have $10,000 in the account in four years?
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
