Question
You are hoping to buy a new boat 3 years from now, and you plan to save $3,100 per year, beginning one year from today.
You are hoping to buy a new boat 3 years from now, and you plan to save $3,100 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
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Mathematics Of Finance
Authors: Robert Brown, Steve Kopp, Petr Zima
8th Edition
0070876460, 978-0070876460
