If you deposit $ 1 , 0 0 0 per month for 4 years in an account

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Question:

If you deposit $

1, 000

per month for

4

years in an account earning

6 %

annually, what will you save by the end of year

4

assuming end of the period payments?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 18, 2024 06:59 AM

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If you deposit $ 1 , 0 0 0 per month for 4 years in an account

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Expert Answer:

To calculate the total savings by the end of year 4 we can use the formula for th... View the full answer

Personal Finance

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