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Katie Hector wants to purchase a condo in Oxford, MS, in 20 years. The cost of the condo is expected ...

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Katie Hector wants to purchase a condo in Oxford, MS, in 20 years. The cost of the condo is expected ...

Katie Hector wants to purchase a condo in Oxford, MS, in 20 years. The cost of the condo is expected to be $180,000. Assuming she can earn 6% annually, what should Katie deposit today?

Note: to the nearest dollar.

▸

$126,900

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$56,125

▸

$89,400

▸

$81,818

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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