Question
Devonte and Savannah wish to have $14,000 available for their wedding in 5 years. How much money should they set aside now at 14% compounded
Devonte and Savannah wish to have $14,000 available for their wedding in 5 years. How much money should they set aside now at 14% compounded monthly in order to achieve their financial goal?
a) $2,800.00
b) $8,235.29
c) $28,078.54
d) $6,980.42
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Probability For Risk Management
Authors: Matthew J. Hassett, Donald G. Stewart
2nd Edition
156698548X, 978-1566985482
