Question
An investor needs $20,000 in 13 years (a) What amount should be deposited in a fund at the end of each quarter at 6%
An investor needs $20,000 in 13 years (a) What amount should be deposited in a fund at the end of each quarter at 6% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quarterly deposit if the money is deposited at 7.9% compounded quarterly GIIB (a) The deposit should be $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
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