How much do you have to deposit now in your savings account that earns a 6% compound annual interest if you want to withdraw the annual payment series in the figure below? 4,000 3,000 1,250 Pa? a. 7091

How much do you have to deposit now in your savings account that earns a 6% compound annual interest if you want to withdraw the annual payment series in the figure below? 4,000 3,000 1,250 Pa? a. 7091

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Correct answer please otherwise will dislike

How much do you have to deposit now in your savings account that earns a 6%
compound annual interest if you want to withdraw the annual payment series in the
figure below?
4,000
3,000
1,250
P=?
a. 7091
O b. 6478
O c. 6972
O d. 4938
e.
5034

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