Determine the future value at the end of the final year if deposits are made into an
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Question:
Determine the future value at the end of the final year if deposits are made into an account paying annual interest of 12%, assuming that no withdrawals are made during the period and that the deposits are made:
At the end of each year.
At the beginning of each year.
Year
Cashflow
1
$30,000
2
25,000
3
20,000
4
10,000
5
5,000
Posted Date: