Question
Question 13 (6.66 points) How much must you deposit in an account today so that you have a balance of $ 24,280 at the end
Question 13(6.66 points)
How much must you deposit in an account today so that you have a balance of $ 24,280 at the end of 5 years if interest on the account is 16 % p.a., but with quarterly compounding?(Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
