Question
An investment company pays 5% compounded semiannually. You want to have $24,000 in the future. (A) How much should you deposit now to have that
An investment company pays 5% compounded semiannually. You want to have $24,000 in the future.
(A) How much should you deposit now to have that amount 5 years from now?
(B) How much should you deposit now to have that amount 10 years from now?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
