Question
Suppose that you will deposit into a CBA bank account $462.7 in one years time, $925.4 in two years time, $1156.75 in three years time,
Suppose that you will deposit into a CBA bank account $462.7 in one years time, $925.4 in two years time, $1156.75 in three years time, and $2313.5 in four years time. Assuming that you are able to earn a return on your money of 3.75% p.a., what will be the total value of the four deposits at T4?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
