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How much money will you have to deposit now (as a lump sum) if you wish to have $5000 at the end of 8 years. Interest rate is 6% compounded semiannually $1491.12 $2009.21 $3115.83 $1751.91

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 14E

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How much money will you have to deposit
now (as a lump sum) if you wish to have
$5000 at the end of 8 years. Interest rate is
6% compounded semiannually
$1491.12
$2009.21
$3115.83
$1751.91

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