You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn 7 percent rather than 5 percent on your savings? Multiple Choice $1,007.94 O $995.72 $1,023.90 O $1,036.34

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You want to have $10,500 saved 8 years from now. How much less can you deposit
today to reach this goal if you can earn 7 percent rather than 5 percent on your savings?
Multiple Choice
$1,007.94
$995.72
$1,023.90
$1,036.34
Transcribed Image Text:You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn 7 percent rather than 5 percent on your savings? Multiple Choice $1,007.94 $995.72 $1,023.90 $1,036.34
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