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using the previous table, enter the correct factor for three periods at 5%: Future valuexFactor=Present value$8,000 x 0.864 =$6,912 You may want to own a
using the previous table, enter the correct factor for three periods at 5%:
Future valuexFactor=Present value$8,000 x 0.864=$6,912
You may want to own a home one day. If you are 20 years old and plan on buying a $200,000 house when you turn 30, how much will you have to invest today, assuming your investment yields an 8% annual return?
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