Question
John plans to invest the following cash flows at the beginning of each year: YearCash Flow 2019$30 000 2020$40 000 2021$60 000 2022$90 000 2023$20
John plans to invest the following cash flows at the beginning of each year:
YearCash Flow
2019$30 000
2020$40 000
2021$60 000
2022$90 000
2023$20 000
How much would John accumulate at the end of 2025 if the interest rate is compounded annually at an interest rate of 6.82%?
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Managerial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
12th Edition
1133952402, 978-1133952404
