Question
You desire to have $52,000 in your savings account 8 years from now, and prepared to make equal annual deposits into the account at the
| You desire to have $52,000 in your savings account 8 years from now, and prepared to make equal annual deposits into the account at the end of each year. |
| Question: |
| If the account pays 6.9% interest, what amount must you deposit each year? |
Top of Form
Multiple Choice (Select The Correct Answer)
- $8,708.70
- $6,500.00
- $3,587.98
- $3,588.01
- $5,086.61
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Edition
0134083245, 9780134083247
