You want to have $50,000 in your savings account 12 years from now, and you're prepared to
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You want to have $50,000 in your savings account 12 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 6.2 percent interest, what amount must you deposit each year?
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The time line is 0 1 12 50000 C C C C C C C C C Here we have the FVA the leng...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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