Question
Olivia wants to have $5000 to upgrade her VW bus in 3 years. How much must she deposit now in a savings account that pays
Olivia wants to have $5000 to upgrade her VW bus in 3 years. How much must she deposit now in a savings account that pays 15 percent annually, compounded monthly, to have the money she needs in 3 years?
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Intermediate Financial Management
Authors: Eugene BrighamPhillip Daves
1st Edition
0324594712, 9780324594713
