Question
QUESTION 14 You plan to save $5,000 per year. You will make a deposit into an account that guarantees a 3% rate of interest per
QUESTION 14
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You plan to save $5,000 per year. You will make a deposit into an account that guarantees a 3% rate of interest per year. You will make a deposit at the end of every year for 30 years. Your initial account balance is 0 and deposits are made at the end of the year.
The future value of your account at the end of 30 years will be: between $230,000 and $240,000.
True
False
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Finance Operations
Authors: Charles Finley
1st Edition
1491292423, 978-1491292426
