You want 20000 in 5 years to take your spouse on a second, Finance Basics

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You want 20000 in 5 years to take your spouse on a second

You want $20,000 in 5 years to take your spouse on a second honeymoon. Your investment account earns 7% compounded semiannually. How much money must you put in the investment account today? (round to the nearest $1)

a. $14,178
b. $15,985
c. $13,349
d. $12,367

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Finance Basics: You want 20000 in 5 years to take your spouse on a second

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Finance Basics: You want 20000 in 5 years to take your spouse on a second

Reference No:- TGS0623789

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : The 230000 lb space-shuttle orbiter touches down at about

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Ask an Expert for Answer!!

Finance Basics: You want 20000 in 5 years to take your spouse on a second

Reference No:- TGS0623789

Recent Questions Asked Finance Basics

Q : The 230000 lb space-shuttle orbiter touches down at about

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