Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
Related questions
Question
100%
Solve the problem. Round to the nearest cent.
A=P1+rnnt P=A1+rnnt A=Pert Y=1+rnn−1
How much money should be deposited today in an account that earns
4% compounded semiannually so that it will accumulate to $4,000 in 4years?
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