Contributing $200,000 immediately, plus quarterly contributions of $4,000 in arrears for 30 years will accumulate how much

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Contributing $200,000 immediately, plus quarterly contributions of $4,000 in arrears for 30 years will accumulate how much cash, assuming an investing rate of 3 percent, compounded quarterly?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: May 12, 2024 09:37 AM

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Contributing $200,000 immediately, plus quarterly contributions of $4,000 in arrears for 30 years will accumulate how much

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To calculate the future value of the contributions we can use the formula for compound inter... View the full answer

Fundamentals of Financial Accounting

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