Question
if you deposit $16,000 per year for 12 years (each deposit is made at the end of each year) in an account that pays an
if you deposit $16,000 per year for 12 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 14%, what will your account be worth at the end of 12 years?
please write out equation, do not use calculator
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Alex Watson
4th Edition
0199049238, 9780199049233
