An initial deposit of $ 1 0 0 , 0 0 0 is made in year 1

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An initial deposit of $

100, 000

is made in year

1 .

The deposits increase at a rate of

8 %

per year for

10

years. Determine the amounts if the interest rate is

9 %

compounded annually.

Related Book For answer-question

Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Posted Date: Mar 20, 2024 02:10 AM

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An initial deposit of $ 1 0 0 , 0 0 0 is made in year 1

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You are right with an initial deposit of 100000 and an interest rate of 9 compounded annually we can calculate the future value of the investment over ... View the full answer

Fundamentals Of Financial Management

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