If you deposit $4,500 at the end of each of the next 20 years into an account
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If you deposit $4,500 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 C1 r t ...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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