Question
You want to have $63,000 in your savings account 4 years from now, and you're prepared to make equal annual deposits into the account at
You want to have $63,000 in your savings account 4 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.1 percent interest, what amount must you deposit each year?
A. $14,168.38
B. $4,473.03
C. $4,472.96
D.$15,750.00
E. $18,403.11
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
