Question
Homer invested $2,000 in an individual retirement account. Each subsequent year for 15 years he is able to invest $1,500. What is the value of
Homer invested $2,000 in an individual retirement account. Each subsequent year for 15 years he is able to invest $1,500. What is the value of the account at the end of the 15 years if the investment earns 11% compounded annually?
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Financial Ratio Analysis
Authors: Andrew P.C.
1st Edition
1973493381, 978-1973493389
