How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 2% interest compounded monthly.
How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 2% interest compounded monthly.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 10PROB
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How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 2% interest compounded monthly.
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