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If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest rate
If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest rate of 12% ? To solve this question, we need to identify the following variables: number of periods N= , future value FV= discount rate r= %, and payment PMT= . The final answer for the question is
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