Question
Anya Luening plans to buy a car in 20 years and will need another $52,230.00 before xhe can do so. Given an interest rate of
Anya Luening plans to buy a car in 20 years and will need another $52,230.00 before xhe can do so. Given an interest rate of 4.00% compounded monthly, how much money does xhe need to set aside today?
| a. $23,837.09 | ||
| b. $51,941.12 | ||
| c. $23,499.69 | ||
| d. $32,622.70 |
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Financial Institutions And Markets
Authors: Jeff Madura
10th International Edition
0538482176, 9780538482172
