Problem 4.24 – How Much Deposit Today

Essentials of Corporate Finance

Ross, Westerfield, and Jordan

10th Edition and 11th Edition

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You will need a certain amount in the future, and they give you a monthly interest rate and ask you to determine the amount you need to deposit today to achieve your goal.

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  • Search Terms: . $, (do . ..) amount and answer calculating calculations can decimal deposit e.g., earn have how if in intermediate month, much need not per percent places, present round to today? today? you values will years. you your
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