Mr. Short did a deposit of 100,000 USD in his bank account 10 years ago. Ever since
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Question:
Mr. Short did a deposit of 100,000 USD in his bank account 10 years ago. Ever since then, Mr. Short has deposited 5,000 USD 5 years ago, 6.000 USD 4 years ago and 7.000 USD 3 years ago.
What is the current balance of his account assuming the bank has been paying 2% of interest every year?
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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