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Topic: Discounting and Present Values

If the account had a beginning balance of $3,500, and you decided to make 2 equal deposits - one today and one 3 years from today - rather than a single deposit today, how much would you need to deposit each time? Assume the account's APR is 6.6%, compounded quarterly.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91670917

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