Question
You invest payments of 1,000 per year at the end of each year for 5 years. The original payments earn 10% interest, but the interest
You invest payments of 1,000 per year at the end of each year for 5 years. The original payments earn 10% interest, but the interest received on the payments is reinvested at 8%. How much will you have at the end of 5 years?
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Advanced Accounting
Authors: Debra C Jeter, Paul K Chaney
5th Edition
1118022297, 978-1118022290
