Question
You decide to begin saving towards the purchase of a new car in 5 years. If you put $1,000 at the end of each of
You decide to begin saving towards the purchase of a new car in 5 years. If you put $1,000 at the end of each of the next 5 years in a savings account paying 6 percent compounded annually, how much will you accumulate after 5 years? a. $6,691.13
b. $5,637.09
c. $1,338.23 d. $5,975.32 e. $5,731.94
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
