Question
Tom wants to invest $50,000 in a fixed deposit account that pays 4% interest per annum. He plans to keep the money in the account
Tom wants to invest $50,000 in a fixed deposit account that pays 4% interest per annum. He plans to keep the money in the account for 7 years. What will be the future value of his investment at the end of 7 years?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
