Question
If Tania needs $30,000 a year from now for a down payment on a new house, how much should she put in a 1-year CD
If Tania needs $30,000 a year from now for a down payment on a new house, how much should she put in a 1-year CD earning 5% a year compounding continuously so that she will have exactly $30,000 a year from now?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
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