If you have a deposit plan for 5 years to deposit $455 at the end of each
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Question:
If you have a deposit plan for 5 years to deposit $455 at the end of each year, how much money would be there after 5 years if the interest rate is 6.64% compounded quarterly?
(Do not use the negative sign in the final answer, which should be rounded to 2-decimal places).
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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