Question
If you desire to have $15500 for a down payment for a house in 10 years, what amount would you need to deposit today? Assume
If you desire to have $15500 for a down payment for a house in 10 years, what amount would you need to deposit today? Assume that your money will earn 7 percent.
Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
