Question
1. Tony has $500 in his investment account. He plans on depositing $50.00 per month, starting today. How much will he have in 5 years
1. Tony has $500 in his investment account. He plans on depositing $50.00 per month, starting today. How much will he have in 5 years assuming the account earns 6% per year? (could you please show formulas)
a. $4,180
b. $4,163
c. $4,254
d. $4,051
e. $2,832
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
