Question
Suppose you deposited $5,000 each year into an account earning 6 per cent interest. The first deposit was made one year from today. If you
Suppose you deposited $5,000 each year into an account earning 6 per cent interest. The first deposit was made one year from today. If you make 10 deposits in all, how much would you have in 10 years' time?
A.$65,903.97
B.$50,000
C.$55,721.50
D.$46,936.46
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
