Question
Two years ago, you opened an investment account and deposited $5,000. One year ago, you added another $2,000 to the account. Today, you are making
Two years ago, you opened an investment account and deposited $5,000. One year ago, you added another $2,000 to the account. Today, you are making a final deposit of $7,500. How much will you have in this account three years from today if you earn a 14 percent rate of return?
*Fill in CPT
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| Year | Cash Flow | N | I/Y | PV | PMT | CPT [FV] |
| 1 | 5000 | 5 | 14 | -5000 | 0 |
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| 2 | 2000 | 4 | 14 | -2000 | 0 |
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| 3 | 75000 | 3 | 14 | -7500 | 0 |
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
