Question
You need to have $30,000 in 11 years. You can earn an annual interest rate of 3 percent for the first 6 years, and 3.6
You need to have $30,000 in 11 years. You can earn an annual interest rate of 3 percent for the first 6 years, and 3.6 percent for the next 5 years. How much do you have to deposit today?
- $21,052.28
- $21,672.64
- $20,331.24
- $23,273.19
- $22,415.87
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
