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Financing for a personal computer finance problem?

April 26, 2017Finance financing personal computer problem

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Financing for a personal computer finance problem?

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Dr. J. wants to buy an IBM personal 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? A)$697.00 B)$627.93 C)$823.15 D)$531.