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You plan to deposit $5,600 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much
| You plan to deposit $5,600 at the end of each of the next 20 years into an account paying 10.8 percent interest. |
| a. | How much money will you have in the account in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
You plan to deposit $5,600 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much money will you have in the account in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Step by Step Solution
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Handbook Of Financial Markets Dynamics And Evolution
Authors: Thorsten Hens
1st Edition
0323165478, 978-0323165471
