Question
Suppose you make 13 equal annual deposits of $ 990 each into a bank account paying 15 % interest per year.The first deposit will be
Suppose you make 13 equal annual deposits of $ 990 each into a bank account paying 15 % interest per year.The first deposit will be made one year from today.How much money can be Withdrawn from this bank account after the 15th deposit?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
