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It is now the beginning of the year (year 0). Assume that, starting at the end of the year 4 (NOT next year), you will
It is now the beginning of the year (year 0). Assume that, starting at the end of the year 4 (NOT next year), you will make deposits of $466 each year into a savings account. You will make a total of 3 annual deposits. If the savings account interest rate is 8%, what is the present value of this savings plan
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
