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    Polytechnic State University Sanluis
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Category > Accounting Posted 15 May 2017 My Price 6.00

How much would you need to deposit today so that you can withdraw $4,000

1. How much would you need to deposit today so that you can withdraw $4,000 per year for ten years, starting three years from today?

2. Suppose you wish to invest $2,000 today so that you have $4,000 six years from now. What must the compounded annual interest rate be in order to achieve your goal?

Answers

Alpha Geek
(8)
Status NEW Posted 15 May 2017 11:05 AM My Price 6.00

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Attachments

file 1494846299-1956636_1_636303784709512458_Time-value-of-Money.xlsx preview (184 words )
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