Question
John wants to save $10,000 in 3 years for a down payment on a house. He plans to invest the money in a savings account
John wants to save $10,000 in 3 years for a down payment on a house. He plans to invest the money in a savings account that pays 2% interest compounded annually. How much should he invest at the beginning of each year to reach his goal?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
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