Attempts: Score: /2 14. Problem 4-26 eBook Problem 4-26 Reaching a Financial Goal You need to...

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Attempts: Score: /2 14. Problem 4-26 eBook Problem 4-26 Reaching a Financial Goal You need to accumulate $10,000. To do so, y

business finance

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Answer 1

Answer #1

Year	Amount	Compounded value
4.	2000	2,748.29
3	2000	2,538.37
2	2000	2,344.48
1	2000	2,165.40
		9,796.54

It would take 5 years of deposits

And the last deposit would be = 10,000 - 9,796.54 = $203.46

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Answer 2

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Problem 4-26 Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan...

Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan to make...

Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan to make...

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Attempts: Score: /2 14. Problem 4-26 eBook Problem 4-26 Reaching a Financial Goal You need to...

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Add Answer to: Attempts: Score: /2 14. Problem 4-26 eBook Problem 4-26 Reaching a Financial Goal You need to...

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