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Problem 5-31 Future Value of Annuities (LO3) A saving account earns an interest rate 2,75% per year. I need $193,091.49 to make a down payment
Problem 5-31 Future Value of Annuities (LO3) A saving account earns an interest rate 2,75\% per year. I need $193,091.49 to make a down payment on a house. I can save $13,800 per year. How long will it take me to accumulate the $193,091.49 ? (Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel.) years
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
