Question
A person wishes to have $27,500 cash for a new car 4 years from now. How much should be placed in an account now, if
A person wishes to have $27,500 cash for a new car 4 years from now. How much should be placed in an account now, if the account pays 4.2% annual interest rate, compounded weekly?
$ (Round to the nearest dollar)
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
