A. A person wants to generate fourintallments of $1,000 in the following four years. How much money should be invested, if the interest rate is 10 percent per year.
A. A person wants to generate fourintallments of $1,000 in the following four years. How much money should be invested, if the interest rate is 10 percent per year.
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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