Question
Assume you deposit $4,800 at the end of each year into an account paying 11.5 percent interest. How much money will you have in the
Assume you deposit $4,800 at the end of each year into an account paying 11.5 percent interest.
How much money will you have in the account in 25 years?
Annuity future value $___
How much will you have if you make depositis for 50 years?
Annuity future value $___
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
