Problem 2 (1p): You want to have $4,000 at the end of the next 5 years, how much do you need to deposit today in an account that earns 8% compounded quarterly?
Problem 2 (1p): You want to have $4,000 at the end of the next 5 years, how much do you need to deposit today in an account that earns 8% compounded quarterly?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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