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Dr. J. wants to buy a Dell computer which will cost $3,100 two years from today. He would like to set aside an equal amount
Dr. J. wants to buy a Dell computer which will cost $3,100 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 9% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.) |
$1,483.25
$1,458.25
$1,533.25
$1,583.25
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