Ben deposits $5,000 now into an account that earns 7.5 percent interest compounded annually. He then deposits

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Ben deposits $5,000 now into an account that earns 7.5 percent interest compounded annually. He then deposits

$1,000 per year at the end of the first and second years. How much will the account contain 10 years after the initial deposit?

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Related Book For  answer-question

Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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