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Money market 890 - PowerPoint PPT Presentation

Summarize: Present Value/ Future Value/ Compounding

Summarize: Present Value/ Future Value/ Compounding SOLVE: Suppose you are depositing an amount today in an account that earns 5% interest, compounded annually. If your goal is to have $5,000 in the account at the end of six years, how much must you deposit in the account today?. Solution

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Money market 890 - PowerPoint PPT Presentation

Summarize: Present Value/ Future Value/ Compounding