5. I want to save If I can make $1,000 12% months, or $50,000 for a house. $50.000 per month to make a down payment of p.a. return every year, how long does it take to build 0.00 years 12%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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5. I want to save
If I can make
$1,000
12%
months, or
per month to make a down payment of
p.a. return every year, how long does it take to build
0.00
years.
$50,000 for a house.
$50,000
50,000
12%
?
Transcribed Image Text:5. I want to save If I can make $1,000 12% months, or per month to make a down payment of p.a. return every year, how long does it take to build 0.00 years. $50,000 for a house. $50,000 50,000 12% ?
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