How much do you need to have in your bank account, Accounting Basics

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How much do you need to have in your bank account

Beginning three months from now, you want to be able to withdraw $2,500 each quarter from your bank account to cover college expenses over the next four years. If the account pays .47 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years?

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Accounting Basics: How much do you need to have in your bank account

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Accounting Basics: How much do you need to have in your bank account

Reference No:- TGS0679532

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Recent Questions Asked Accounting Basics

Q : What is keplers earnings per share

Q : What is the times interest earned ratio

Q : Which machine should be purchased

Q : Calculate the variable overhead spending and efficiency

Q : How much do you need to have in your bank account

Q : Find the project payback period if the initial cost is given

Q : The business of injection molding of plastics

Q : Buffalo snow shoe company-expected net present value

Q : What rate would legally have to be quoted

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much do you need to have in your bank account

Reference No:- TGS0679532

Recent Questions Asked Accounting Basics

Q : What is keplers earnings per share

Q : What is the times interest earned ratio

Q : Which machine should be purchased

Q : Calculate the variable overhead spending and efficiency

Q : How much do you need to have in your bank account

Q : Find the project payback period if the initial cost is given

Q : The business of injection molding of plastics

Q : Buffalo snow shoe company-expected net present value

Q : What rate would legally have to be quoted

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