Sunday, 5 April 2015

Dr. Jones wants to buy a Dell computer, which will cost $2,788 four years from today

Dr. Jones wants to buy a Dell computer, which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year, in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside?

$697.00

$627.93

$823.15

$531.81



Dr. Jones wants to buy a Dell computer, which will cost $2,788 four years from today

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