Sally Medavoy will invest $8,040 a year for 18 years in a fund that will earn 8%
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Question:
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If the first payment into the fund occurs today, what amount will be in the fund in 18 years? If the first payment occurs at year-end, what amount will be in the fund in 18 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
First payment today | $enter a dollar amount rounded to 0 decimal places | |
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First payment at year-end |
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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