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Please show work on excel and cash flows timeline***** Question 5: Suppose you make 5 annual deposits of $1,000 in a savings account paying 6%
Please show work on excel and cash flows timeline*****
Question 5: Suppose you make 5 annual deposits of $1,000 in a savings account paying 6% compounded annually. The deposits are made at the beginning of each year. What amount would be in your account in Year 5? O $5,637.09 O $6,691.13 O $5,975.32 O $5,731.94 O $1,338.23 Question 5: Suppose you make 5 annual deposits of $1,000 in a savings account paying 6% compounded annually. The deposits are made at the beginning of each year. What amount would be in your account in Year 5? O $5,637.09 O $6,691.13 O $5,975.32 O $5,731.94 O $1,338.23Step by Step Solution
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