Question
One year from now, you deposit $1000 in a savings account. You deposit $2500 the following year. Then you wait three more years (until 5
One year from now, you deposit $1000 in a savings account. You deposit $2500 the following year. Then you wait three more years (until 5 years from now) and deposit $2000. If your account always earns 5% annual interest and you make no withdrawals, how much will be in the account 15 years from now?
A. 13,125.63
B. 8,364.74
C. 9,951.84
D. 11,174.92
E. 12,537.45
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
