Question
Derek will deposit 9.380 per year for 15 years into an account that earns 13.00%, The first deposit is made next year. How much will
Derek will deposit 9.380 per year for 15 years into an account that earns 13.00%, The first deposit is made next year. How much will be in the account 39.00 years from today?
( I got the answer 516890.5544 but it said that was wrong the correct answer is 7,122,862.27 I'm confused how can I please get help) Homework Question
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
