Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you deposit $10,000 today and $1,000 at the end of each year for the next 20 years,what will be the future value 20 years

If you deposit $10,000 today and $1,000 at the end of each year for the next 20 years,what will be the future value 20 years from today at annual interest rate of 8.5%?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Total deposit will be 10000 100... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Thomas Garman, Raymond Forgue

12th edition

9781305176409, 1133595839, 1305176405, 978-1133595830

More Books

Students also viewed these Finance questions