At a return rate of 20% per year, the amount of money you must deposit for five

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At a return rate of 20% per year, the amount of money you must deposit for five consecutive years starting 3 years from now for the account to contain $50,000 fifteen years from now is closest to:

(a) $1563

(b) $1759

(d) $2093

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 07:20 AM

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At a return rate of 20% per year, the amount of money you must deposit for five

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Engineering Economy

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