If Mr. Hobbit deposits $2,000 at the end of each year for the next 10 years at

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If Mr. Hobbit deposits $2,000 at the end of each year for the next 10 years at an interest rate of 12% per year, how much will be have accumulated? How much will he have accumulated if he deposited the amounts at the beginning of each year?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Question Posted: Apr 30, 2013 09:03 AM

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If Mr. Hobbit deposits $2,000 at the end of each year for the next 10 years at

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Calculation of accumulated future value Hence t...View the full answer

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