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Question 28 2 pts Assume that you plan to make a deposit in a bank account that promises a fixed rate of interest of 4%
Question 28 2 pts Assume that you plan to make a deposit in a bank account that promises a fixed rate of interest of 4% per year for 10 years. For one reason or another, you need to have $20,000 in 10 years for some purchase, e.g., first year of college for your child. How much must you deposit today to achieve this goal? This question is asking you to determine the.. O present value. O future value. O intermediate value. O forecasted value
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