If you deposit $3,000 at the end of each of the next 20 years into an account

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If you deposit $3,000 at the end of each of the next 20 years into an account paying 9.5 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 07:09 AM

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If you deposit $3,000 at the end of each of the next 20 years into an account

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Here we need to find the FVA The equation to find the F...View the full answer

Essentials Of Corporate Finance

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