A local furniture store is advertising a deal in which you, Financial Management

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A local furniture store is advertising a deal in which you

A local furniture store is advertising a deal in which you buy a $2,500 dining room set and do not need to pay for two years (no interest cost is incurred).

How much money would you have to deposit now in a savings account earning 5 percent APR, compounded monthly, to pay the $2,500 bill in two years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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Financial Management: A local furniture store is advertising a deal in which you

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Financial Management: A local furniture store is advertising a deal in which you

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