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tetleyelmo tetleyelmo
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7 years ago
Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000 and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents to cruise? (Round to the nearest whole dollar)
A) $1,862   
B) $2,457   
C) $3,000   
D) $2,234
E) $2,135
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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Posts: 499
7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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tetleyelmo Author
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7 years ago
Just got PERFECT on my quiz
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Yesterday
Thanks for your help!!
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2 hours ago
This helped my grade so much Perfect
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