Question
Suppose you deposit $3,400 at the end of year 1, nothing at the end of year 2, $840 at the end of year 3, and
Suppose you deposit $3,400 at the end of year 1, nothing at the end of year 2, $840 at the end of year 3, and $1,390 at the end of year 4. Assume that these amounts will be compounded at an annual rate of 15 percent.
How much will you have on deposit at the end of five years?
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Get StartedRecommended Textbook for
Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
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