Question: QUESTION 14 You plan to save $5,000 per year. You will make a deposit into an account that guarantees a 3% rate of interest per

QUESTION 14

  1. You plan to save $5,000 per year. You will make a deposit into an account that guarantees a 3% rate of interest per year. You will make a deposit at the end of every year for 30 years. Your initial account balance is 0 and deposits are made at the end of the year.

    The future value of your account at the end of 30 years will be: between $230,000 and $240,000.

    True

    False

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