Assume you deposit $2000 in a bank account in each of the next five years. What can
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Question:
Assume you deposit $2000 in a bank account in each of the next five years. What can we say about the amount you will have in the bank account at the end of five years if the account pays a positive interest rate and you make no withdrawals during the period? (No calculations needed)
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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