Question
4. Compute the future value at the end of year five (5) of a $2,000 deposit at the end of year one (1) and another
4. Compute the future value at the end of year five (5) of a $2,000 deposit at the end of year one (1) and another $2,000 deposit at the end of year two (2) using a seven (7) percent interest rate per year.
Group of answer choices
A. $5,071.68
B. $2,805.10
C. $5,426.70
D. $4,739.89
E. $2,621.59
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
