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Hypothetically, you make a deposit of $1,000 today. How much will you have in 10 years? Assume the savings account rate does not change for
- Hypothetically, you make a deposit of $1,000 today. How much will you have in 10 years? Assume the savings account rate does not change for the next 10 years. (Hint: use the PV-FV formula discussed in Ch 4.)
- Hypothetically, you make a deposit of $1,000 every year for the next ten years. How much will you have in 10 years? Assume the savings account rate does not change for the next ten years. (Hint: use the FV of the annuity formula discussed in Ch 5.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
