Question
Deposits of $2,000 $4,000, $5000, $1000 and $3000 were made at the end of each of five consecutive years respectively at 6% compounded annually. Find
Deposits of $2,000 $4,000, $5000, $1000 and $3000 were made at the end of each of five consecutive years respectively at 6% compounded annually. Find the future value just after the last deposit was made.
please help me the answer with explanation. thank you !
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
