IF P500 IS INVESTED AT THE END OF EACH YEAR FOR 6 YEARS, AT AN EFFECTIVE ANNUALINTEREST

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IF P500 IS INVESTED AT THE END OF EACH YEAR FOR 6 YEARS, AT AN EFFECTIVE ANNUALINTEREST RATE OF 7%. WHAT IS THE TOTAL AMOUNT AVAILABLE UPON THE DEPOSIT OF THE 6TH PAYMENT?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jun 06, 2023 07:19 AM

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IF P500 IS INVESTED AT THE END OF EACH YEAR FOR 6 YEARS, AT AN EFFECTIVE ANNUALINTEREST

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FV P 1 rn 1 r Where FV Future value total amount available P Payment amount P500 r Effectiv... View the full answer

Income Tax Fundamentals 2013

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