Question
An investment company pays 4% compounded semiannually. You want to have $14,000 in the future. (A) how much should you deposit now to have that
An investment company pays 4% compounded semiannually. You want to have $14,000 in the future.
(A) how much should you deposit now to have that amount 5 years from now?
$__________ (round to the nearest cent.)
(B) How much should you deposit now to have that amount 10 years from now?
$___________(round to the nearest cent.)
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
