CURRENT OBJECTIVE
Calculate the present value of a loan
SWITCH
Question
Investor C has planned to establish a restaurant in 2 years. The cost to develop a small restaurant is $150,000. Investor C
would like to know the required saving amount is needed to deposit today at 5% interest with monthly compounding
Round to the nearest cent.
Provide your answer below:
hp

Question

29-06-2024
Business

Answered

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CURRENT OBJECTIVE
Calculate the present value of a loan
SWITCH
Question
Investor C has planned to establish a restaurant in 2 years. The cost to develop a small restaurant is $150,000. Investor C
would like to know the required saving amount is needed to deposit today at 5% interest with monthly compounding
Round to the nearest cent.
Provide your answer below:
hp

Sagot :

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