Question
a) You are saving for clinic upgrades you would like to make 4 years from now. How much will you have to set aside at
a) You are saving for clinic upgrades you would like to make 4 years from now. How much will you have to set aside at the end of each year to have $65,000 in 4 years if the annual interest rate is 7%?
b)You have a goal of having $100,000 for clinic upgrades in 6 years. How much would you need to invest today in an account earning 4.25% with quarterly compounding?
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
