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Home Q & A Board Other Fields Homework Help Business Accounting
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gabbywabbi gabbywabbi
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5 years ago
You have discovered an investment opportunity that earns a 10% rate of interest compounded semiannually. What amount should you deposit today to have $5000 in three years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
A) $3757
B) $3718
C) $3731
D) $3500
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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rgmalishrgmalish
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5 years ago
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gabbywabbi Author
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#2
5 years ago
Marking this solved, moving on to the next...
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