Question
You expect that you will need to replace your furnace in 6 years at a cost of $15,143. How much must you save today in
You expect that you will need to replace your furnace in 6 years at a cost of $15,143. How much must you save today in an account that pays 2.7% APR (compounded monthly) to exactly pay the $15,143 in 6 years?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
