Homework Help: accounting

Posted by cheryl on Friday, February 11, 2011 at 10:34pm.

V P3-10. Calculating Present Value of a Savings Fund. (Obj. 5)

Hal Thomas wants to establish a savings fund from which a community organization could draw $850 a year for 45 years. If the account earns 6 percent, Hal will have to deposit $ now to achieve this goal.

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