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Suppose you receive $190 at the end of each year for the next three years. Suppose you deposit the cash flows in a bank account
Suppose you receive $190 at the end of each year for the next three years.
100th any cotthew Suppose you deposit the cash flows in a bank account that pays 9% interest per year. What is the balance in the account at the end of each of the next three years( after your deposit is made)? How does the final bank balance compare with your answer in B. (622.84) ?
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