Question
Suppose you put $5,000 per year into a retirement account. The payments are made at the beginning of the year. The account pays 8 percent
Suppose you put $5,000 per year into a retirement account. The payments are made at the beginning of the year. The account pays 8 percent interest per year. How much will you have when you retire in 35 years? Calculate this in the following 3 ways:
a. Using a table
b. Using the formula for an annuity
c. Using an excel function
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
