Five thousand dollars is deposited in an account that pays 6 percent interest per WILEY (oplus) year.
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Five thousand dollars is deposited in an account that pays 6 percent interest per WILEY \(\oplus\) year. Two years from today, another \(\$ 5,000\) is deposited. Five years from today, \(\$ 10,000\) is withdrawn from the account. How much money is in the account 6 years from today?
a. \(\$ 0\)
b. \(\$ 2,646\)
c. \(\$ 2,805\)
d. \(\$ 3,056\)
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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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