Question
What is the amount a person would have to deposit today (present value) at 14 percent interest rate to have $7000 saved 16 years from
What is the amount a person would have to deposit today (present value) at 14 percent interest rate to have $7000 saved 16 years from now.
Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
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Principles Of Financial Accounting
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st Edition
0077525264, 978-0077525262
