Ben deposits $5,000 now into an account that earns 7.5 percent interest compounded annually. He then deposits
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Ben deposits $5,000 now into an account that earns 7.5 percent interest compounded annually. He then deposits
$1,000 per year at the end of the first and second years. How much will the account contain 10 years after the initial deposit?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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