How much will have to be invested at the beginning of each year at 7%, compounded annually, to pay off a debt of $30,000 in nine years? solve the problem. Round to the nearest cen

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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How much will have to be invested at the beginning of each year at 7%, compounded annually, to pay off a debt of $30,000 in nine years?

solve the problem. Round to the nearest cent

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