Question
Wendy plans to deposit $1,000 into a savings account at the end of each of the next five years. The deposits earn 7.0% compound interest.
Wendy plans to deposit $1,000 into a savings account at the end of each of the next five years. The deposits earn 7.0% compound interest. How much will Wendy have in the account immediately after her fifth deposit?
Given the information in the previous question, how much would Wendy have in the account at the end of the fifth year if she made her deposits at the beginning of the year?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
