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

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How much do you need to have in your bank account today

Beginning three months from now, you want to be able to withdraw $2,100 each quarter from your bank account to cover college expenses over the next four years.

Required:

If the account pays .45 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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Finance Basics: How much do you need to have in your bank account today

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

Reference No:- TGS0724476

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Prepare an income statement for the year in good form

Q : Sampling distribution of means

Q : Matching of the velocity of the particle

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Request for Solution File

Ask an Expert for Answer!!

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

Reference No:- TGS0724476

Recent Questions Asked Finance Basics

Q : Prepare an income statement for the year in good form

Q : Sampling distribution of means

Q : Matching of the velocity of the particle

Q : Different payroll departments

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

Q : Maximum speed achieved by the cyclist

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Q : Calculate the average force between the ball and bat

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