Question
Your bank account earns 13.34% as an APR. If you deposit $3,349.51 at the end of every year for the next two years, how much
Your bank account earns 13.34% as an APR. If you deposit $3,349.51 at the end of every year for the next two years, how much will you have in your account at the end?
Cashflow: $3,349.51
r= 13.34%
n=2
How do I solve this problem and what formula do I use??
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
