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Jack places an amount of 560 in an account at the end of each year for 12 consecutive years beginning one year from today.
Jack places an amount of 560 in an account at the end of each year for 12 consecutive years beginning one year from today. If the interest rate is 8%, how much will Jack have at the end of the 12th year? Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer Work your analysis to at least four decimal places of accuracy CHECK ANSWER
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
