Manuel wants to open an account into which he expects to deposit the following at the beginning
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Question:
Manuel wants to open an account into which he expects to deposit the following at the beginning of each year: 1: $11,000; 2: $12,000; 4: $15,000. If the rate of return he earns at a bank is 7%, computed annually, how much will he have at the end of year 6 on his investment?
(Hint: draw the time line so you don't fail this problem)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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