Question
You are going to make the following contributions into a savings account: Year 1: $0 (1 year from today) Year 2: $1000 Year 3: $1000
You are going to make the following contributions into a savings account:
Year 1: $0 (1 year from today)
Year 2: $1000
Year 3: $1000
Year 4: $2000
Year 5: $0
Year 6: $0
The account will earn 4.34% in interest per year. How much will be in the account exactly 6 years from today?
To nearest $0.01
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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