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TB MC Qu. 5.4 (Static) You want to invest $6,000 annually beginning... You want to invest $6,000 annually beginning now in order to accumulate $28,000
TB MC Qu. 5.4 (Static) You want to invest $6,000 annually beginning... You want to invest $6,000 annually beginning now in order to accumulate $28,000 for a down payment on a house in five years. To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the Multiple Choice future value of a annuity due of $1 table, for the factor closest to 4.6667 present value of an ordinary annuity of $1 table for the factor closest to 0.2143 present value of an annuity due of $1 table, for the factor closest 4.6667 future value of an ordinary annuity of $1 table, for the factor closest to 0.2143
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