Question: Please help me find the answer to this question. The answer is suppose to be 522275.63 Thank you in advance Calculate the future value as
The answer is suppose to be 522275.63Calculate the future value as of 12/31/2028 of $10,000 deposited annually for 10 years beginning 1/1/2000, growing at a gross rate of 11.5% annually, but with 100% of the growth taxed each year assuming a 40% tax expense. (Note: The rate at which the deposit grows is the EAR. This is not a growing annuity or growing perpetuity question.)
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