Question
5. Bob will receive $1,000 in 2 years, $2,000 in 3 years and $5,000 in 5 years. He will invest each payment into an account
5. Bob will receive $1,000 in 2 years, $2,000 in 3 years and $5,000 in 5 years. He will invest each payment into an account paying 2.37% interest. About how much will be in the account in 6 years [one year after the last payment]?
| $8,000 | ||
| $8,189.60 | ||
| $8,362.32 | ||
| $8,500 |
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Options Futures And Other Derivatives
Authors: John C. Hull
11th Edition
013693997X, 9780136939979
