You need to have $33,500 in 14 in years. You can earn an annual interest rate of 5 percent for the first 4 years, 5.6
You need to have $33,500 in 14 in years. You can earn an annual interest rate of 5 percent for the first 4 years, 5.6 percent for the next 3 years, and 6.3 percent for the final 7 years. How much do you have to deposit today?
A. $15,442.60
B. $12,666.97
C. $15,260.30
D. $16,919.78
E. $14,585.28
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Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
