Business, 15.04.2020 17:42 parkermacyow71bm

You need $24,956 at the end of 10 years, and your only investment outlet is an 11 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

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You need $24,956 at the end of 10 years, and your only investment outlet is an 11 percent long-term...

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