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20. If you needed to have $800 in savings at the end of four years, and your savings account offered an annual interest of
20. If you needed to have $800 in savings at the end of four years, and your savings account offered an annual interest of 5%, most nearly how much would you need to deposit today? (A) $570 (B) $600 (C) $660 (D) $770
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Answer C 660 Explanations The amount that needs to be deposited today is the present value of the am...
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
