Question
You plan to buy a new shiny boat 3 years from now. You plan to save $4,200 very year, beginning one year from today. You
You plan to buy a new shiny boat 3 years from now. You plan to save $4,200 very year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
