Question
Suppose you deposit $3,000 at the end of each year for 5 years, followed by annual deposits of $7,000 for the next 5 years. You
Suppose you deposit $3,000 at the end of each year for 5 years, followed by annual deposits of $7,000 for the next 5 years. You then leave the balance untouched earning interest. How much would you have in the account by the end of year 20 if the interest rate is 2.3%?
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
