Question
How much would you need to deposit in a savings account that earns 7%, compounded annually, to withdraw $32,000 eight years from now? ( Future
How much would you need to deposit in a savings account that earns 7%, compounded annually, to withdraw $32,000 eight years from now? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest whole dollar amount.)
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
