You want to have $100,000 in your savings account 3 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 11 percent interest, what amount must you deposit each year? Question 5 options: $30,619 $29,921 $31,051 $24,470 $31,501
You want to have $100,000 in your savings account 3 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 11 percent interest, what amount must you deposit each year? Question 5 options: $30,619 $29,921 $31,051 $24,470 $31,501
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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Question
You want to have $100,000 in your savings account 3 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 11 percent interest, what amount must you deposit each year?
Question 5 options:
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$30,619
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$29,921
|
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$31,051
|
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$24,470
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|
|
$31,501
|
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