Asked by cheryl
V P3-10. Calculating Present Value of a Savings Fund. (Obj. 5)
Hal Thomas wants to establish a savings fund from which a community organization could draw $850 a year for 45 years. If the account earns 6 percent, Hal will have to deposit $ now to achieve this goal.
Hal Thomas wants to establish a savings fund from which a community organization could draw $850 a year for 45 years. If the account earns 6 percent, Hal will have to deposit $ now to achieve this goal.
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Answered by
Joanne
12920
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