Using the appropriate time value of money table awhat is


Using the appropriate Time Value of Money table (A)What is the amount a person would have to deposit today (present value) at 2 percent interest rate to have $4250 saved 10 years from now. (B)What is the amount you would have to deposit today to be able to take out $4350 a year for 13 years from an account earning 6 percent.(C)If you desire to have $62500 for a down payment for a house in 6 years, what amount would you need to deposit today? Assume that your money will earn 5 percent.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Using the appropriate time value of money table awhat is
Reference No:- TGS01206693

Expected delivery within 24 Hours