Question
The Lahiri family rents a room in their home on Airbnb, They deposit all of the money that they earn into a vacation fund
The Lahiri family rents a room in their home on Airbnb, They deposit all of the money that they earn into a vacation fund that earns 6% that is compounded annually. Their revenues for five years of their business are shown below. Year 1 2 3 4 Revenue $1,000 $900 $1,325 $1,800 $700 In year six, they did not rent their room due to extensive remodeling. How much would be in the account at the end of year 6? Click here to access the TVM Factor Table calculator.
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