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You want to put money into an account today so that you will be able to make a $20,000 down payment on a house in
You want to put money into an account today so that you will be able to make a $20,000 down payment on a house in 5 years. This is the only money that you will put into the account. How much do you need to put into the account today if it earns 4% annually for 5 years? $16.438 $9.982 $18,374 $12.053
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
978-1119496496
