Question
You need to have $34,750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 percent
You need to have $34,750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 percent for the next 2 years, and 7.3 percent for the final 6 years. How much do you have to deposit today?
Multiple Choice
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$18,305.87
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$16,546.42
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$17,403.74
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$16,823.81
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$13,655.22
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Authors: Elaine Wilkes ,Dan Hollings ,Daniel Hall ,Lisa Rothstein
1st Edition
1954968574, 978-1954968578
