Lena would like to have 25,706.30 in ordinary and annuity in five years the annuity has a 10.8% annual interest rate and she plans on making quarterly deposits how much should she deposit per quarter

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Lena would like to have 25,706.30 in ordinary and annuity in five years the annuity has a 10.8% annual interest rate and she plans on making quarterly deposits how much
should she deposit per quarter
Transcribed Image Text:Lena would like to have 25,706.30 in ordinary and annuity in five years the annuity has a 10.8% annual interest rate and she plans on making quarterly deposits how much should she deposit per quarter
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