Question
De'Shon wants to have $45,000 available to make a down payment on a house at the end of 4 years. His account earns 6% compounded
De'Shon wants to have $45,000 available to make a down payment on a house at the end of 4 years. His account earns 6% compounded annually. How much does De'Shon need to invest today to reach his goal? (Beginning of period)
| A. $30,000-$35,000 | |
| B. $35,000-$40,000 | |
| C. $50,000-55,000 | |
| D. $25,000-$30,000 |
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
