Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6%
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Question:
Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five years?
a: $67,060
b: $21,873
c: $30,100
d: $28,185.50
e: None of these
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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