Question
You want to have $10,000 saved ten years from now. How much less do you have to deposit today to reach this goal if you
You want to have $10,000 saved ten years from now. How much less do you have to deposit today to reach this goal if you can earn 6% rather than 5% on your savings?
| a. | $928.73 | |
| b. | $555.18 | |
| c. | $609.81 | |
| d. | 1,046.22 | |
| e. | $615.48 |
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Financial Accounting An Introduction
Authors: Mr Barry Elliott, Mr Augustine Benedict
2nd Edition
0273737651, 9780273737650
