Business, 13.01.2021 17:30 yaneli0717

You would like to set aside enough money to pay for the maintenance you will need for your new car. You estimated that you will need $600 at the end of year 3, and another $700 at the end of year 5. How much do you need to set aside today in order to pay for all these expenses, assuming the bank pay 5% per year compounded annually

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You would like to set aside enough money to pay for the maintenance you will need for your new car....