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Suppose that on January 1, 2020 you deposited $6000 in your saving bank account. The withdrawals of $500 each were made at the end of
Suppose that on January 1, 2020 you deposited $6000 in your saving bank account. The withdrawals of $500 each were made at the end of each year for 4 years. If the account earned 4% annual interest, what would be the balance in the account at the end of December 2023 immediately after the last withdrawal is made?
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
