Question
Suppose you deposit $10,000 at the end of each year, beginning one year from today, into an account which earns 7 percent interest (compounded annually).
Suppose you deposit $10,000 at the end of each year, beginning one year from today, into an account which earns 7 percent interest (compounded annually). If you make a total of 30 annual deposits into this account, how much money will you have in your account after 30 years? How much will you have earned in interest only (in dollars) over the 30 year period?
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
