Economics Today: The Micro View (19th Edition) (Pearson Series in Economics)
19th Edition
ISBN: 9780134479255
Author: Roger LeRoy Miller
Publisher: PEARSON
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Question
Chapter 21, Problem 23P
To determine
The dollars saved this year to ensure a total $ 50,000 to be accumulated in 30 years with an 8% interest rate to compute present values.
Concept Introduction:
Discounted value: The discounted value or present value is defined as the current worth of a future sum of money, the future sum of money is discounted at the discount rate. Depending upon the discount rate current worth of a future sum of money may increase or decrease.
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Economics Today: The Micro View (19th Edition) (Pearson Series in Economics)
Ch. 21 - Prob. 21.1LOCh. 21 - Prob. 21.2LOCh. 21 - Prob. 21.3LOCh. 21 - Prob. 21.4LOCh. 21 - Prob. AFCTCh. 21 - Prob. BFCTCh. 21 - Prob. CFCTCh. 21 - Prob. DFCTCh. 21 - Prob. EFCTCh. 21 - Prob. 1CTQ
Ch. 21 - Prob. 2CTQCh. 21 - Prob. 1FCTCh. 21 - Prob. 2FCTCh. 21 - Prob. 1PCh. 21 - Prob. 2PCh. 21 - Prob. 3PCh. 21 - Prob. 4PCh. 21 - Prob. 5PCh. 21 - Prob. 6PCh. 21 - Prob. 7PCh. 21 - Prob. 8PCh. 21 - Prob. 9PCh. 21 - Prob. 10PCh. 21 - Prob. 11PCh. 21 - Prob. 12PCh. 21 - Prob. 13PCh. 21 - Prob. 14PCh. 21 - Prob. 15PCh. 21 - Prob. 16PCh. 21 - Prob. 17PCh. 21 - Prob. 18PCh. 21 - Prob. 19PCh. 21 - Prob. 20PCh. 21 - Prob. 21PCh. 21 - Prob. 22PCh. 21 - Prob. 23PCh. 21 - Prob. 24P
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