Question
2. Mr. Short did a deposit of 100,000 USD in his bank account 10 years ago. Ever since then, Mr. Short has deposited 5,000 USD
2. Mr. Short did a deposit of 100,000 USD in his bank account 10 years ago. Ever since then, Mr. Short has deposited 5,000 USD 5 years ago, 6.000 USD 4 years ago and 7.000 USD 3 years ago. What is the current balance of his account assuming the bank has been paying 2% of interest every year?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
