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How much would you need to deposit in a savings account that earns 6%, compounded annually, to withdraw $34,000 eight years from now? (Future
How much would you need to deposit in a savings account that earns 6%, compounded annually, to withdraw $34,000 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.) Multiple Choice $29,778 $97,141 $21,332 $29,686
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Managerial Accounting
Authors: James Jiambalvo
5th edition
1118078764, 978-1118078761
