Ben deposits $3,000 now into an account that earns 6 percent interest compounded annually. He then...
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Ben deposits $3,000 now into an account that earns 6 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? $ Round entry to the nearest dollar. Tolerance is 14. Ben deposits $3,000 now into an account that earns 6 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? $ Round entry to the nearest dollar. Tolerance is 14.
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To calculate the future value of Bens account after 10 years we can break it down into multiple comp... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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