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You set aside $10,000 at the end of each year for 20 years in equal annual end-of-the-year deposits (i.e., 20 deposits of $10,000 each, the
- You set aside $10,000 at the end of each year for 20 years in equal annual end-of-the-year deposits (i.e., 20 deposits of $10,000 each, the first deposit is one year from today) into your account paying 7% interest annually. How much money will be in your account after the last deposit is made?
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
