You want to have $10,000 in 6 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much will you have to deposit today?
You want to have $10,000 in 6 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much will you have to deposit today?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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You want to have $10,000 in 6 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much will you have to deposit today?
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