Homework Answers
rate positively ..
| We have to compute the present value of the future investment value | ||||||
| Put in financial calculator | ||||||
| FV | 0 | |||||
| PMT | -20500 | |||||
| I | 7.00% | |||||
| N | 4 | |||||
| Compute PV | 69,438 | |||||
| Therefore deposit amount = | 69,438 | |||||
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