Question
You want to have $13,500 in 8 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how
You want to have $13,500 in 8 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much will you have to deposit today?
Multiple Choice
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$8,475.09
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$12,971.95
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$8,470.07
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$8,363.57
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$8,549.43
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
