If you deposit $4,000 at the end of each of the next 20 years into an account
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If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.7 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?
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Here we need to find the FVA The equation to find the FVA is FVA C 1 r t 1 r 0 1 20 4000 4000 400...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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