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You decided to open a savings account to accumulate an amount to buy a house in ten years. You put in $50,000 today and plan
You decided to open a savings account to accumulate an amount to buy a house in ten years. You put in $50,000 today and plan to contribute $3,000 at the end of each year. If your account pays you a 6.5% annual interest rate, how much will you have after ten years?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
