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How much would you need to deposit in a savings account that earns 6%, compounded annually, to withdraw $35,000 eight years from now? (Future
How much would you need to deposit in a savings account that earns 6%, compounded annually, to withdraw $35,000 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 $21,959 $105,602 $30,857 $30,765
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
