Question
You and your spouse are looking to save for a new house. You decide that you are going to put $15,000 in a bank account
You and your spouse are looking to save for a new house. You decide that you are going to put $15,000 in a bank account
yearly and that acoount will pay an interest rate of 7%. You will be making the first payment today. How much will you have in the
account at the end of 5 years?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
