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You deposit $3,000, $4,000, and $5,000 respectively at the end of years 1, 2, and 3 from today in an account that offers 15% interest.
- You deposit $3,000, $4,000, and $5,000 respectively at the end of years 1, 2, and 3 from today in an account that offers 15% interest. How much your savings will be worth in three years? Instead of three annual instalments, what single amount deposited today will get you to the same target. (5 + 5)
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Corporate Finance With Powerweb
Authors: Stephen A. Ross
6th Edition
9780072503630
