Question
It is now the beginning of the year (year 0). Assume that, starting at the end of the year 3 (NOT next year), you will
It is now the beginning of the year (year 0). Assume that, starting at the end of the year 3 (NOT next year), you will make deposits of $185 each year into a savings account. You will make a total of 9 annual deposits. If the savings account interest rate is 12%, what is the present value of this savings plan?
Enter your answer in dollars, rounded to the nearest cent.
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
