Question
You want to buy a new lawnmower 3 years from now, and you plan to save $9,100 per year, beginning one year from today. You
You want to buy a new lawnmower 3 years from now, and you plan to save $9,100 per 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 Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
