Question
You plan to buy a house valued at GH 45000 five years from now. Interest rate on the market is expected to remain at 10%.
You plan to buy a house valued at GH₵ 45000 five years from now. Interest rate on the market is expected to remain at 10%. If you deposit GH₵6500 every year for 5years, in advance, will you meet your target? If not, calculate how large must your deposits be at the same interest rate to meet your target?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
