Question
Starting one year from today (t = 1), you decide to deposit $1000 a year for six years. (six deposits in total).You will withdraw whatever
Starting one year from today (t = 1), you decide to deposit $1000 a year for six years. (six deposits in total).You will withdraw whatever you have at the end of the 8th year.How much will you have at the end of the 8th year?The interest rate is 10% compounded on an annual basis. (please show work)
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
