If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn 12% compounded annually? (Round answers to O decimal places, e.g. 25,000.) Click here to view the factor table. Investment $

If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn 12% compounded annually? (Round answers to O decimal places, e.g. 25,000.) Click here to view the factor table. Investment $

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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Question

If you wish to have $25,000 at the end of 5 years, Using the present value tables, how much must your deposit each year if you earn
12% compounded annually? (Round answers to O decimal places, e.g. 25,000.)
Click here to view the factor table.
Investment $

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