Question
If a merchant deposits $ 1500 annually at the end of each fiscal year into a retirement account that pays interest at a rate of
If a merchant deposits $ 1500 annually at the end of each fiscal year into a retirement account that pays interest at a rate of 8% per year compounded annually, how much money will he have in his account at the end of 25 years? (Value 3 points) show work . explain answer
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
