Compute the future value in year 9 of a $3,900 deposit in year 1, and another...
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Compute the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value Compute the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value
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To compute the future value in year 9 of the deposits we need to calculate the future value of each ... View the full answer
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date:
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