Finance - Nancy would like to accumulate $10,000 by the end of 3 years
Question # 00759714
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Updated on: 05/02/2020 11:33 AM Due on: 05/02/2020
Nancy would like to accumulate $10,000 by the end of 3 years from now to buy a sportscar from her friend, Jim. She has $2,500 now and would like to save equal annual end-of-year deposits to pay for the car. How much should she deposit at the end of each year inan account paying 8 percent interest to buy the car
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Rating:
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Solution: Finance - Nancy would like to accumulate $10,000 by the end of 3 years