If Mary deposits $4000 a year for three years, starting a year from today, followed by 3

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If Mary deposits $4000 a year for three years, starting a year from today, followed by 3 annual deposits of $5000, into an account that earns 8% per year, how much money will she have accumulated in her account at the end of 10 years?

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Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

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Question Posted: May 08, 2014 07:41 AM

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If Mary deposits $4000 a year for three years, starting a year from today, followed by 3

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Future Value in Year 10 4000 108 9 4000 108 8 4000 108 7 5000 108 6 5000 108 5 5000 108 4 4000 1...View the full answer

Financial Management Core Concepts

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