Question
Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now
Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now in a savings account that pays 4 percent interest compounded monthly to have the money she needs in three years?
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Get StartedRecommended Textbook for
Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
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