How much will be in an investment account 12 years from now if you deposit $3000 now
Question:
How much will be in an investment account 12 years from now if you deposit $3000 now and
$5000 four years from now and the account earns interest at a rate of 10% per year? Use
(a) tabulated factor values,
(b) TVM functions on a financial calculator, and
(c) built-in functions on a spreadsheet.
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Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
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