Question
You would like to buy a house in five years and want to come up with a $50,000 down payment. The bank is offering five-year
You would like to buy a house in five years and want to come up with a $50,000 down payment. The bank is offering five-year CD's at 5 percent compounded weekly. What should you deposit today to meet your goal?
$38,944.72
$1.99
$47,516.92
$39,207.60
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
