Question
You plan to deposit $1,000 every year for the next 30 years, with the first payment to be made today. However, you expect to be
You plan to deposit $1,000 every year for the next 30 years, with the first payment to be made today. However, you expect to be unable to make the deposit 5 years from today. At a rate of 4%, compounded semi-annually, how much will you have 30 years from today? Round your final answer to the nearest dollar.
- $58,742
- $57,051
- $56,051
- $55,742
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
