Question
A person wishes to have $19,800 cash for a new car 6 years from now. How much should be placed in an account now, if
A person wishes to have $19,800 cash for a new car 6 years from now. How much should be placed in an account now, if the account pays 5.6% annual interest rate, compounded weekly? Round to the nearest dollar.
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
