Question
Your parents are planning to save $25,000 to buy a new house three years from now.The plan is to set aside anequal amount of money
Your parents are planning to save $25,000 to buy a new house three years from now.The plan is to set aside anequal amount of money on the first day of each year startingtoday. Their savings can earn an effective annual rate of return of 4.7 percent. Howmuch do your parents have to set aside each year to achieve their goal?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
