You are planning to leave civilization to live in a heavily fortified bunker up in the mountains
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You are planning to leave civilization to live in a heavily fortified bunker up in the mountains and be a survivalist in 10 years. You will be able to deposit \($1,000\) per year at the end of each of the first five years and \($2,000\) per year for the following five years. You start your savings plan today with a \($5,000\) deposit. The account pays 8% compounded annually.
How much money will you be able to take to the mountains with you when you leave?
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Related Book For
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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