How much do you have to set aside today in your bank account, Financial Management

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How much do you have to set aside today in your bank account

Problem

You want to have $52,000 in your bank account 3 years from now, in order to have enough for a belated honeymoon trip to the Maldives! How much do you have to set aside today in your bank account to reach this goal if your bank pays 3.4 percent interest to its depositors?

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Financial Management: How much do you have to set aside today in your bank account

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Financial Management: How much do you have to set aside today in your bank account

Reference No:- TGS03238121

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