Question
If Ms. Whosier receives $16,000 in 4 years time, invests it in a bank account for 6 years at 6% per year, then 5 years
If Ms. Whosier receives $16,000 in 4 years’ time, invests it in a bank account for 6 years at 6% per year, then 5 years at 3% per year, then 2 years at 4%, what sum will she have at the end of this 17 year period?
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
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