Today is your 21* birthday, and you are opening up an investment account. You plan to...
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Today is your 21* birthday, and you are opening up an investment account. You plan to contribute $2,000 per year on your birthday. The first contribution will be made today, and the 45", and final, contribution will be made on your 65h birthday. If you earn 10% a year on your investments, how much money will you have in the account on your 65th birthday, immediately after making your final contribution? Today is your 21* birthday, and you are opening up an investment account. You plan to contribute $2,000 per year on your birthday. The first contribution will be made today, and the 45", and final, contribution will be made on your 65h birthday. If you earn 10% a year on your investments, how much money will you have in the account on your 65th birthday, immediately after making your final contribution?
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Answer rating: 100% (QA)
First Contribution 2000 on 21st birthday Final Contribution 2000 on 65th bi... View the full answer
Related Book For
Microeconomics
ISBN: 9781464146978
1st edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Posted Date:
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