Question
A young couple wishes to accumulate $ 27,000 at the end of 5 years so that they can make a down payment on a house.
A young couple wishes to accumulate $ 27,000 at the end of 5 years so that they can make a down payment on a house. What should their equal end-of-year deposits be to accumulate the $ 27,000 assuming a 5% rate of interest?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
