f money is worth 5% compounded annually, what payment 10 years from now is equivalent to a payment of $5,000 8 years from now?
f money is worth 5% compounded annually, what payment 10 years from now is equivalent to a payment of $5,000 8 years from now?
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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If money is worth 5% compounded annually, what payment 10 years from now is equivalent to a payment of $5,000 8 years from now?
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