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You make a series of deposits into an investment account, as follows, with a 6% rate of return. Year 1 = $500 Year 2 =
- You make a series of deposits into an investment account, as follows, with a 6% rate of return.
Year 1 = $500
Year 2 = $1,000
Year 3 = $1,500
- What is the value of the account in Year 3? (2 points)
N | |
I/Y | |
PV | |
CPT FV |
N | |
I/Y | |
PV | |
CPT FV |
- With no additional deposits, what is the value of the account in Year 6? (2 points)
N | |
I/Y | |
PV | |
CPT FV |
N | |
I/Y | |
PV | |
CPT FV |
N | |
I/Y | |
PV | |
CPT FV |
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