Question
Company A places $15,000 each year into an account that provides 9% interest p.a. The funds have not been used since the first deposit was
Company A places $15,000 each year into an account that provides 9% interest p.a. The funds have not been used since the first deposit was made five years ago. Calculate the amount that is currently sitting in the account if:
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the money was deposited at the end of each year
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the money was deposited at the beginning of each year.
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Advanced Financial Reporting And Analysis
Authors: John Dunn, Margaret Stewart
1st Edition
0470973609, 9780470973608
