You make a deposit of $1,280 that earns the following interest rates: 6 percent in year...
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You make a deposit of $1,280 that earns the following interest rates: 6 percent in year one, 5.5 percent in year two, 5 percent in year three, and 4.5 percent in year four. What would be the future value for year four? You make a deposit of $1,280 that earns the following interest rates: 6 percent in year one, 5.5 percent in year two, 5 percent in year three, and 4.5 percent in year four. What would be the future value for year four?
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To calculate the future value of the deposit after four years we need to apply the interest ra... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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