Question
On January 1, 2014, Alan King decided to deposit $82,800 in a savings account that will provide funds 5 years later to send his son
On January 1, 2014, Alan King decided to deposit $82,800 in a savings account that will provide funds 5 years later to send his son to college. The savings account will earn 7 percent, which will be added to the fund each year-end. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)
| Required: |
| 1. | How much will be available in 5 years? |
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Lean Auditing Driving Added Value And Efficiency In Internal Audit
Authors: James C. Paterson
1st Edition
1118896882, 978-1118896884
