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Need help please TB MC Qu. 5-96 (Static) You want to invest... You want to make five annual payments of $6,000 beginning now in order
Need help please
TB MC Qu. 5-96 (Static) You want to invest... You want to make five annual payments of $6,000 beginning now in order to accumulate $35,000 for a down payment on a house in five years. What is the annual interest rate you would need to receive to accomplish this goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole percentage. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
