The New York Soccer Association would like to accumulate $10,000 by the end of 4 years from now to finance a big soccer weekend for its members
The Association currently has $2,500 and wishes to raise the balance by arranging annual fund-raising events. How much money should they raise at each annual fund-raising event assuming 8 percent rate of interest?
Using Financial Calculator: PV= -2500, FV=10000, N=4, I=8, CPT PMT: 1464.41
Business
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