5. You invest $800 cash each year with the first deposit made in 2020 and the...
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5. You invest $800 cash each year with the first deposit made in 2020 and the final deposit made in 2027. What is the future value of your investment? Assume interest rates are 5% p.a. In what year is the future value determined? In what year is the present value determined? 5. You invest $800 cash each year with the first deposit made in 2020 and the final deposit made in 2027. What is the future value of your investment? Assume interest rates are 5% p.a. In what year is the future value determined? In what year is the present value determined?
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To calculate the future value of your investment we can use the formula for compound inte... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date:
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