Question
Dr. J. wants to buy a Dell computer which will cost $3,500 two years from today. He would like to set aside an equal amount
Dr. J. wants to buy a Dell computer which will cost $3,500 two years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside? Use Appendix C to calculate the answer. (Round your final answer to 2 decimal places.)
A. $1,665.82
B. $1,690.82
C. $1740.82
D. $1790.82
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Cases In Healthcare Finance
Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
