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To determine the amount to be deposited in a bank today to grow to $5,000 three years from now at 7%, which table should be
To determine the amount to be deposited in a bank today to grow to $5,000 three years from now at 7%, which table should be used? Present value of $1. Future value of $1. Present value of an annuity of $1. No table is required; just multiply $5,000 by 1.07 (or 1+7% )
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Introduction To Business Statistics
Authors: Ronald M. Weiers
7th Edition
978-0538452175, 538452196, 053845217X, 2900538452198, 978-1111524081
